2、Jasper Corporation sold its receivables to another corporation, JTL, created by Jasper for that purpose. If JTL sells securities backed by the receivables, the credit rating associated with those securities will most likely be based on the: A. creditworthiness of JTL. B. creditworthiness of Jasper. C. collateral and credit enhancement mechanisms used. D. allowance for doubtful accounts recorded on the consolidated balance sheet.
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