. Accounts receivable financing is the term used to describe which of the following types of loans that involve either the assignment or the factoring of a firm's accounts receivable?  A.  Secured short-term loan   B.  Unsecured short-term loan   C.  Secured long-term loan   D.  Unsecured long-term loan   E.  Trust receipt loan

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 15Q: What business circumstance could produce a short-term notes payable created from a loan?
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. Accounts receivable financing is the term used to describe which of the following types of loans that involve either the assignment or the factoring of a firm's accounts receivable? 

A. 

Secured short-term loan

 

B. 

Unsecured short-term loan

 

C. 

Secured long-term loan

 

D. 

Unsecured long-term loan

 

E. 

Trust receipt loan

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