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Dominik [7]
2 years ago
11

A car dealership gives another company a consumer's financial records without notifying the consumer. Which regulatory act did t

he car dealership violate?
Business
2 answers:
FrozenT [24]2 years ago
7 0
Right to financial privacy act

Paha777 [63]2 years ago
4 0

Answer:

The correct answer is Privacy of Consumer Financial Information.

Explanation:

The regulatory act that violated the auto dealership was the Consumer Financial Information Privacy Act. This law protects all financial information concerning acts performed by a consumer. The responsibility for keeping these data is strictly that of the car dealership.

Have a nice day!

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Answer:

A.

Explanation:

The cost principle means that in accounting, any transaction is recorded at the historical purchase price.

A fair value is the amount at which an asset could be exchanged in an arm´s length transaction between knowledgeable and willing parties.

Revaluation of fixed assets is not allowed for GAAP.

An appreciated value is an increase in the value of an asset over time.

A market value is the price at which a product or service could be sold in a competitive, open market.

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The best supplier will depend on the type of business. Explain how a business that specializes in supplying plumbers would have
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the $$$ of the different thing will play a big part

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3 years ago
Vaughn Company has the following securities in its investment portfolio on December 31, 2020 (all securities were purchased in 2
vlabodo [156]

Answer:

Anderson Co. 3,100 shares at $18 per share

Munter Ltd. 10,200 shares at $57 per share

King Co. 5,600 preferred stock at $42 per stock

a. Prepare the entry for the security sale on January 15, 2021.

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b. Prepare the journal entry to record the security purchase on April 17, 2021.

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c. Compute the unrealized gains or losses.

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d. Prepare the adjusting entry for Vaughn on December 31, 2021.

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4 0
2 years ago
Following is an extract of account balances of Wilson Mowing Services as of December 31 of the first year of operation. Accounts
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Therefore ,

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Lady_Fox [76]

Answer:

<u>compliance-based ethics.</u>

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