A transaction in which a company sells its receivables and immediately receives cash for operating and other needs is called _____

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asked Aug 13, 2019 226k views

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Ruham · Answer 1 · 2019-08-17T14:19:19+0000

When a company sells its receivables and immediately receives cash for operating expenses and other needs it is called factoring. When they sell these receivables they are selling them to a third party to collect payments on their behalf.

A transaction in which a company sells its receivables and immediately receives cash for operating and other needs is called _____

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