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.

R& m chatelaine is one of the largest tax-preparation firms in the united states. it wants to acquire the tax experts, a smaller rival. after the merger, chatelaine will be one of the two largest income-tax preparers in the u.s. market. what should chatelaine include in its acquisition plans? it should refocus its attention from the national to the international market. in addition to acquiring the tax experts, it should also determine the best way to drive independent "mom and pop" tax preparers out of business. chatelaine will need to explain to the federal trade commission how the acquisition will not result in an increase in prices for consumers. chatelaine should enter a price-based competition with its other major competitor to force it out of business and become a monopoly.