If a company adopts an accounts receivable factoring program, and accounts for the factoring as a sale of receivables, which of the following is true in the period the company starts the program (all else equal)? Multiple Choice
O The factoring arrangement needs to be with a consolidated entity to qualify for sale accounting.
O Cash flow from operations may increase.
O The accounts receivable balance will increase.
O A retroactive restatement is necessary due to a change in accounting principle.