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Factoring is the process ofa. determining the percentage of accounts receivable expected to be collected.b. selling accounts receivable at a discount to another party.c. determining the average collection period.d. determining the allowance for doubtful accounts value.

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Answer:

B) Selling accounts receivable at a discount to another party

Explanation:

Factoring is the process of selling the account receivables or invoices to a third party, at a discount. A company may engange in factoring when it is need of cash, and does not expect to be paid for the invoices soon enough.

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