Your customer may end up not paying a bill receivable after a risk has been eliminated on a closed bills receivable that
Posted: Sun Jun 11, 2023 3:58 pm
Your customer may end up not paying a bill receivable after a risk has been eliminated on a closed bills receivable that was factored with recourse. Which two events occur when you re-establish the risk?
A. The customers transaction status is changed to disputed and the bill is updated to a status of protested.
B. The status of the bill is updated to protested.
C. The status of the bill is updated to Completed.
D. Receivables unapplies the receipt that was created when the bill was factored and applies the receipt to short-term debt. E. The status of the bill is updated to matured pending Risk Elimination.
A. The customers transaction status is changed to disputed and the bill is updated to a status of protested.
B. The status of the bill is updated to protested.
C. The status of the bill is updated to Completed.
D. Receivables unapplies the receipt that was created when the bill was factored and applies the receipt to short-term debt. E. The status of the bill is updated to matured pending Risk Elimination.