All categories

3 years ago

What is the BEST reason to review your credit reports annually?

Business

1 answer:

FrozenT [24]3 years ago

8 0

Answer:

The correct answer is letter "C": To see if there are any errors or fraudulent activity.

Explanation:

Credit reports provide a summary of all the credits an individual has. It is a good practice to request a credit report at least once a year to find out if there is fraudulent activity. Banks usually inform account holders about fraudulent activity but in some other cases, such as in identity theft, the affected person does not realize what is happening until collection is made for the debt that person is supposed to have.

You might be interested in

A corporation has cumulative preferred stock on which it pays dividends of $20,000 per year. the dividends are in arrears for tw

tekilochka [14]

Its free real estate----------------------------

8 0

3 years ago

Pharoah Inc. has decided to raise additional capital by issuing $173,000 facevalue of bonds with a coupon rate of 6%. In discuss

Ira Lisetskai [31]

Answer:

a. Debit Credit

Cash $174,600

Discount on bond payable $18,941

Bonds Payable $173,000

Paid -in Capital - Stock Warrants $20,541

Workings

Market value of Bonds 155,700

Market value of Warrants 20,760

Total market value 176,460

Value assigned to Bonds = 174,600 / 176,460 * 155,700 = 154,059

Value assigned to Warrants = 174,600 / 176,460 *20,760 = 20,541

b. Debit Credit

Cash $174,600

Discount receivable $1,600

Bonds Payable $173,000

5 0

4 years ago

Blanton Company wishes to allocate rent expense of $24,000 to its three operating departments, A, B, and C. Assuming the three d

wariber [46]

Answer:

given statement is false

Explanation:

given data

rent expense = $24,000

operating departments, A = 10,000 square feet

operating departments, B = 20,000 square feet

operating departments, C = 30,000 square feet

cost allocation rate = $0.80 per square foot

solution

rent expense will be here as

rent expense = $\frac{24000}{60000}$

rent expense = $0.40 per square foot

and

rent expense allocated to department C is = 30000 × $0.40

rent expense allocated to department C = $12000

so given statement is false

5 0

4 years ago

Burning fossil fuels and their derivatives produces, among other things, harmful pollutants such as particulates, acid rain-prod

Ratling [72]

Answer:

The correct answer is letter "C": Cornucopians.

Explanation:

Cornucopians are environmentalists who consider that is possible to overcome environmental problems with technical approaches. They have anthropocentric positions because interest in humans is what guides their criteria on the relationship between society and its environment. Cornucopians believe mankind's role in the world is to conquer nature to produce.

3 0

4 years ago

Which of the following would be considered a cash inflow in the financing activities section of the statement of cash flows?

SIZIF [17.4K]

Answer:

1.Issuing bonds payable.

The company receive cash through third parties financial capital

Explanation:

financing activities

cash disbursement or cash proceeds from afinancing activities surch as:

loan, bonds, issuance of stock, treasury stock, notes, other.

4.Collection of a loan made to another company.

The company invest his cash in giving a loan to gain interest, it wasn't a financial decision to increase cash, it was an investment to generate cash.

2.Receiving cash from customers. it would be operating activites. It is a source of cash from the main activity.

3.Sale of equipment. It would be investing

7 0

3 years ago