Knowledge Check 01 When accounts receivable are factored with recourse, it means Multiple Choice O...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Knowledge Check 01 When accounts receivable are factored with recourse, it means Multiple Choice O O The seller retains all of the risk of bad debts. The risk of bad debts is transferred to the buyer. To compensate the seller for retaining the risk of bad debts, the buyer usually charges a higher factoring fee (as compared to the fee charged when receivables are sold without recourse). The buyer guarantees that the seller will be paid even if some receivables prove to be uncollectible.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.