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SpyIntel [72]
1 year ago
15

the fair debt collection practices act attempts to prevent abuses by select answer . specialized select answer and select answer

who regularly attempt to collect debts on behalf of someone else are considered debt collectors under the fdcpa. creditors select answer covered by the act unless they cause debtors to believe they are collection agencies. rader select answer an attorney who regularly attempts to collect debts on behalf of someone else. recover debt select answer set up as a debt-collection agency.
Business
1 answer:
allsm [11]1 year ago
6 0

The fair debt collection practices act attempts to prevent abuses by  <u>collection agencies</u>. The Option C is correct.

<h3 /><h3>What Is the Fair Debt Collection Practices Act (FDCPA)?</h3>

In United States, the Fair Debt Collection Practices Act is a federal legislation that limits the actions of third-party debt collectors who are attempting to collect their debts on behalf of another person or entity.

This Act restricts the ways that these collectors can contact debtors as well as the time of day and number of times that contact can be mad; and if the legislation is violated, the debtor can sue the debt collection company as well as the individual debt collector for damages and attorney fees.

In 2021, the Consumer Financial Protection Bureau have placed the Debt Collection Rule by clarifying how debt collectors can communicate with debtors.

Read more about Fair Debt Collection Practices Act

brainly.com/question/12272732

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Moss Corp. owns 20% of Dubro Corp.'s preferred stock and 40% of its common stock. Dubro's stock outstanding at December 31, Year
Temka [501]

Answer:

Revenue due to investment in Dubro = $22,000

Explanation:

In the given case, revenue to be recorded will be based on calculation as follows:

Since investment in equity is 40% of total share, equity method will be used.

In such method all income share in equity and preference dividend will form part of income for the current year.

Dividend = $10,000 \times 20% as invested in preference capital.

= $2,000

Share in income = $50,000 \times 40% as invested in equity = $20,000

Note: Dividend will be deducted from net income as net income for equity

Net income - Dividend = $60,000 - $10,000 = $50,000

Thus, net share of income = $2,000 + $20,000 = $22,000

7 0
4 years ago
Dunn received 100 shares of stock as a gift from Dunn's grandparent. The stock cost Dunn's grandparent $32,000, and it was worth
Romashka-Z-Leto [24]

Answer:

The amount of gain or loss that DUNN should report is $0.

Explanation:

Here we have to take out what would be the gain or loss for Dunn when he sells the stock given to him as a gift by his grandparents. Here we have to clear out what would be the Dunn basis for gain or loss, so that we can tell whether he earned a gain or loss.

For Dunn to take out the basis for gain would be similar to the donors ( in this case his grandparents ) basis for gain which is $32,000 AND Dunn has sold the stock for $29,000, so he definitely hasn't made the gain.

For Dunn to take out the basis for loss , he will suffer loss when if the amount at which he sells the stock is less than the amount which was at the date of transfer of stock $27,000, and as it is given he sells the stock at $29,000 , which is more than $27,000, so he definitely hasn't suffered loss also.

Thus we can say that he has neither suffered loss nor earn a gain.

5 0
3 years ago
You own 100 shares of a "C" corporation. The corporation earns $4.00 per share before taxes. Once the corporation has paid any c
muminat

Answer:

$320 left for me after all taxes have been paid.

Explanation:

Individual Tax is paid on dividend received from the investment in the shares. The corpporation declare the dividend after deducting the corporate tax.

Amount of Earning = Number of shares x Per share earning = 100 shares x $4per share = $400

Earning After tax = Amount of Earning x ( 1 - Individual Tax rate )

Earning After tax = $400 x ( 1 - 0.20 )

Earning After tax = $400 x 0.8

Earning After tax = $320

7 0
3 years ago
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Working hard at a job that pays well, not mine obviously.
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