1. A type of short-term financing where the borrower sells its receivables to the lender up-front, but at a discount to face value, is called:
A. a bond.
B. a letter of credit.
C. assigned receivables financing.
D. a compensating balance.
E. factored receivables financing.
2. Which are of the following is/are included in current assets?
A. Accounts receivable.
B. Accrued wages.
C. Accounts payable.
D. Inventory
E. Cash