The buyer who purchases and takes ownership of another company's accounts receivable is called a:
A. Payer.
B. Pledgor.
C. Factor.
D. Payee.
E. Pledgee.
Answer: C
The buyer who purchases and takes ownership of another company's accounts receivable is called a:
A. Payer.
B. Pledgor.
C. Factor.
D. Payee.
E. Pledgee.
Answer: C