The Fair Debt Collection Practices Act prohibits which of the following practices?
a. A debt collector falsely representing himself as a lawyer.
b. A debt collector telephoning the debtor at 8:00 a.m.
c. Visiting a debtor at work if the employer permits personal visits.
d. Using neighbors to locate the debtor.
a
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Debtors may be allowed to keep certain assets even after they have filed for liquidation.
Answer the following statement true (T) or false (F)
At December 31, 2018, Micro Instruments owes $47,000 on Accounts Payable. The balance of Salaries Payable is $14,000 and the balance of Income Tax Payable is $8,000. Micro also has $250,000 of Bonds Payable that were issued at face value. These bonds require payment of a $25,000 installment next year and payment of the remainder in later years. The bonds payable require an annual interest payment of $7,500. Micro still owes this for the current year.
Requirement: Report Micro Instruments' liabilities on its classified balance sheet on December 31, 2018.
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Indicate whether the statement is true or false
The minimum advance notice of plant closings or layoffs affecting 50 or more full-time employees required by the Workers' Adjustment Retraining and Notification Act of 1989 is
A. 60 days. B. 180 months. C. 7 days. D. 120 months.