Under an advance factoring contract, following flow of money takes place: A: Factor pays a percentage of the invoice face value to the seller at the…

Under an advance factoring contract, following flow of money takes place: A: Factor pays a percentage of the invoice face value to the seller at the time of sale B: The remainder of the purchase price is held by factor until the payment by the account debtor is made. C: The cost associated with the transaction is paid upfront by the seller to the factoring agent.