Homework Clinic
Social Science Clinic => Accounting => Topic started by: Alainaaa8 on Jul 5, 2018
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A disadvantage of factoring is that the company selling its receivables immediately receives cash.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Which financial statement shows Interest payable?
A) income statement
B) statement of changes in shareholders' equity
C) statement of cash flows
D) balance sheet
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Answer to Question 1
False
Answer to Question 2
D