Frederick company borrows $63,000 from first city bank and pledges its receivables as security. which of the following is true regarding this transaction: a. first city bank is the factor in this transaction. b. frederick company's financial statements must disclose the pledging of receivables. c. frederick company no longer has the risk of bad debts. d. first city bank takes ownership of the receivables at the time of the pledge. e. no journal entry is required for this event.

The quinoa seed is in high demand in wealthier countries such as the u. s. and japan. approximately 97% of all quinoa production comes from small farmers in bolivia and peru who farm at high elevations—8,000 feet or higher. the seed is considered highly nutritious. mostly grown and harvested in bolivia and peru, and sold to markets in other countries, the seed is now considered an important for these nations. the governments of bolivia and peru are hopeful that this product will increase the quality of life of their farmers.