question archive In a recent annual report, Office Depot, Inc
In a recent annual report, Office Depot, Inc
Subject:AccountingPrice: Bought3
In a recent annual report, Office Depot, Inc. notes that the company entered into an agreement to sell all of its credit card program receivables to financial service companies.
Instructions
Explain why Office Depot, a financially stable company with positive cash flow, would choose to sell its receivables.
