FIN 510 When a company engages in the practice of factoring its accounts receivable

When a company engages in the practice of factoring its accounts receivable, itSelect one:A. sells its accounts receivable at a mark-up over stated (face) value.B. pledges its accounts receivable as collateral for a loan.C. sells its accounts receivable at a discount in order to generate immediate cash.D. buys accounts receivable at a premium from a factor.

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