The Corner Store is a small-sized, general store which stocks a minimal level of basic supplies and offers gasoline to a rural community. Which one of the following types of credit is probably best-suited for financing this store's inventory? A. Trust receipt financing B. Receivables factoring C. Field warehousing D. Blanket inventory lien E. Receivables assignment
The Corner Store is a small-sized, general store which stocks a minimal level of basic supplies and offers gasoline to a rural community. Which one of the following types of credit is probably best-suited for financing this store's inventory? A. Trust receipt financing B. Receivables factoring C. Field warehousing D. Blanket inventory lien E. Receivables assignment
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 1MYW
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The Corner Store is a small-sized, general store which stocks a minimal level of basic supplies and offers gasoline to a rural community. Which one of the following types of credit is probably best-suited for financing this store's inventory?
A. |
Trust receipt financing |
B. |
Receivables factoring |
C. |
Field warehousing |
D. |
Blanket inventory lien |
E. |
Receivables assignment |
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