The Truth-in-Lending Act allows a creditor to avoid liability for improper disclosure if the violation is corrected within fifteen days from the time it is discovered by the creditor and before the consumer gives written notification of the error
a. True
b. False
Indicate whether the statement is true or false
True
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What are informal communication channels? Explain two types of informal channels and the aspects of each that are useful for managers to understand.
What will be an ideal response?
When determining whether to write a scannable résumé, an online résumé, or a plain text PDF file, what step in the writing process is being considered?
A) Choosing the channel and medium B) Adapting to your audience C) Producing the message D) Distributing the message E) Analyzing the situation
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable$384,000?debitAllowance for uncollectible accounts 590?creditNet Sales 890,000?creditAll sales are made on credit. Based on past experience, the company estimates that 0.4% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared?
A. $1012 B. $4252 C. $3560 D. $3072 E. $1602
Which of the following sets of documents are in the correct sequence?
a. Purchase order, check, receiving report b. Purchase requisition, receiving report, purchase order c. Purchase order, purchase requisition, invoice d. Purchase requisition, purchase order, invoice