almariexx1906 almariexx1906

12-04-2024
Business

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When a company uses its receivables as collateral for a loan, the company
A. recognizes a liability for the cash received from the bank.
B.recognizes a loss for the difference between between the book value of the receivables and the amount received from the bank. removes the receivables from its books.
C. recognizes interest expense when the cash is received.

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