Factoring is the process of selling accounts ________ for cash
A) general
B) loanable
C) payable
D) receivable
E) collateral
D
Explanation: D) Factoring is the process of selling accounts receivable for cash. A finance company pays a business money in exchange for a business's accounts receivable, and the finance company will keep the money that is owed on those accounts as it is received. The finance company pays the value of the accounts receivable to the company selling them, less a fee.
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a. True b. False