FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The _____ requires creditors to notify a potential recipient of credit whenever any adverse action or denial of credit was based on a credit report.

The _____ requires creditors to notify a potential recipient of credit whenever any adverse action or denial of credit was based on a credit report. a. Truth in Lending Act b. Fair Credit Reporting Act c. Sherman Act d. Mangnuson-Moss Warranty and Federal Trade Commission Improvement Act

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Intermediate Accounting

Authors: James D. Stice, Earl K. Stice, Fred Skousen

16th Edition

324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140

More Books

Students also viewed these Accounting questions

Question

Question (700 words) John Densmore, a law student and part-time musician, was seriously injured in a car accident. The other car's driver, Ray Manzarek, a renowned life motivation coach and a...

Answered: 1 week ago

Question

★★★★★
Congress enacted the Truth in Lending Act (TILA), [citation], in order to promote the informed use of credit by consumers. [Citation.] To that end, TILAs disclosure provisions seek to ensure...

Answered: 1 week ago

Question

★★★★★
Federal laws that are intended to ensure fair lending compliance include: A) Equal Credit Opportunity Act (ECOA) C) Truth in Lending Act (TILA) D) Bank Secrecy Act (BSA) B) Fair Credit Billing Act (FC

Answered: 1 week ago

Question

★★★★★
Consider the following population regression model: y = Bo + Bx + Bx2 + 3x3 + u Suppose you want to test whether 0.532 = 83. The hypotheses are: Ho : 0.582 = 33 H : 0.532 #33 The correct expression...

Answered: 1 week ago

Question

★★★★★
Santa Clarita Company reported interest expense in 2011 and 2010 of $470,000 and $410,000, respectively. The balance in Accrued Interest Payable at the end of 2011, 2010, and 2009 was $51,000,...

Answered: 1 week ago

Question

★★★★★
2. LO.1 Distinguish between a loss that is not recognized on a nontaxable exchange and a loss that is not recognized on the sale or exchange of a personal use asset.

Answered: 1 week ago

Question

★★★★★
preparing job application materials (e.g., cover letters and rsums);

Answered: 1 week ago

Question

★★★★★
Gaelic Industries Inc. is an athletic footware company that began operations on January 1, 2016. The following transactions relate to debt investments acquired by Gaelic Industries Inc., which has a...

Answered: 1 week ago

Question

★★★★★
Given the following table, list your assumptions, create the dependency diagram, and list the dependencies.

Answered: 1 week ago

Question

★★★★★
You inherited an oil well that will pay you $30000 per year for 25 years, with the first payment being made today. If you think a fair return on the well is 7.5%, how much should you ask for it if...

Answered: 1 week ago

Question

★★★★★
The balance in the prepaid rent account before adjustment at the end of the year is $15,000, which represents five months' rent paid on December 1. The adjusting entry required on December 31 is...

Answered: 1 week ago

Question

★★★★★
What are some benefits of social networking? Select all that apply. Responses can introduce you to potential romantic partners can introduce you to potential romantic partners a boss may hear about...

Answered: 1 week ago

Question

★★★★★
Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours....

Answered: 1 week ago

Question

★★★★★
Why are the liabilities and shareholders equity accounts represented as negative on the consolidated balance sheet? LO 2-7 Prepare a worksheet to consolidate the accounts of two companies that form...

Answered: 1 week ago

Question

★★★★★
In 3-5 sentences, list your favorite tool from the course lean six sigma green belt and how it could be applied in a real-life situation.

Answered: 1 week ago

Question

★★★★★
22 Activity-based budgeting ( 2030 minutes) Nyborg Supermarkets AS is preparing its activity-based budget for January 2018 for its operating costs (that is, its non-cost of goods purchased for resale...

Answered: 1 week ago

Question

★★★★★
X-1 Find the domain of the function f(x) : x 1 2 - O (-00, -1) U (-1, ) O (-00, 1) U (1, ) O -00, -1) U (-1, 1) U (1, 0) O (- 1, 1)

Answered: 1 week ago

Question

★★★★★
Premium paid towards purchase of call options purchased for speculative trade should be treated as a. Expense b. Revenue c. Loss d. Gain

Answered: 1 week ago

Question

★★★★★
For call options (bought), if the market value of the underlying asset is over the strike price of the contact, then the excess amount denotes a. Profit b. Loss c. Breakeven d. None of the above

Answered: 1 week ago

Question

★★★★★
Is accounting for call options any different if the options were to be held as hedge and not as investment?

Answered: 1 week ago

Previous Question Next Question