Which of the following is not a correct statement?     When promissory notes are factored, the full face value is not redeemed.     Accounts receivable are discounted in the same way as promissory notes.     When accounts receivable are factored, invoices are irrelevant.     Promissory notes are a type of commercial paper.     Commercial paper is a short-term corporate debt.

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A: Hi student Since there are multiple questions, we will answer only first question.

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Receivables Management