When accounts receivable are assigned, the risk of ownership
A) and title pass to the financing company.
B) and the title are retained by the borrowing company.
C) passes to the financing company, but the title is retained by the borrowing company.
D) is retained by the borrowing company, but the title is passed to the financing company.
B
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On January 31, 2016, Manning Company acquired a new machine by paying $40,000 cash and agreeing to pay $20,000 annually for four years, beginning on January 31, 2017. Assuming an interest rate of 10%, Manning should record the acquisition cost of the machine on January 31, 2016, at
A) $120,000. B) $109,737. C) $103,397. D) $102,092.
The stimulus that initiates legal reasoning is known as the ________
A) conclusion B) reason C) norm D) issue
Macro-marketing
A. applies only to nonprofit organizations. B. helps consumers that need a narrow assortment of products. C. is what people have in mind when they talk about marketing in everyday use. D. is a social process. E. concerns the activities of individual managers.
Some members of Congress are concerned that if one or two large U.S. banks fail, it could lead to the collapse of the entire U.S. financial sector. This risk is called
A) objective risk. B) systemic risk. C) enterprise risk. D) subjective risk.