A firm has floating lien, If a firms factors their accounts

A firm has floating lien

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Reference no: EM13850615

Which statement is correct?

a. if a firms factors their accounts receivable with recourse, then they are still liable if their customer doesn’t pay

b. a firm has a floating lien, then they are prohibited from selling inventory

c. if a firm pledges their accounts REV, then they must remove the accounts from their balance sheet

d. a trust receipt is used for loans in which there is no collateral

Reference no: EM13850615

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