Question

Which of the following is a method to generate cash from accounts receivable?

1) Assignment Factoring
2) a. Yes No
3) b. Yes Yes
4) c. No Yes
5) d. No No

Answer 1

Assignment factoring is a method to generate cash from accounts receivable.

Step-by-step explanation:

The method to generate cash from accounts receivable is Assignment Factoring. Assignment factoring is a process where a company sells its accounts receivable to a factor in exchange for immediate cash. The factor then collects the accounts receivable from the customers.