If a borrower has a high FICO score, then there is:
A. a minimal chance of his or her loan getting approved.
B. no chance of his or her loan getting approved.
C. a high chance of his or her loan getting approved.
D. a high chance of more collateral requirements for his or her loan.
E. a high chance that a higher interest rate will be charged.
Answer: C
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The extent to which a firm adjusts net income for changes in noncurrent assets and noncurrent liabilities in deriving cash flow from operations under the indirect method depends on the nature of its operations. Firms that decrease in size will usually show
a. additions or subtractions for losses and gains on the disposal of assets. b. additions, only for gains on the disposal of assets. c. subtractions, only for losses on the disposal of assets. d. no adjustment for losses and gains on the disposal of assets. e. none of the above
Nelson is Organic Coffee Company's majority shareholder. Nelson decides to sell his Organic Coffee stock. The sale will be an effective transfer of the control of the company. Does Nelson owe a duty to Organic Coffee or its minority shareholders in this situation?
Generally Accepted Accounting Principles (GAAP) is a set of principle-based accounting standards
established by the Financial Accounting Standards Board (FASB). Indicate whether the statement is true or false
While psychologists study consumer responses to advertising and other forms of communication in controlled settings, sociologists and anthropologists study behavior in context.
Answer the following statement true (T) or false (F)