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True or False - Credit reports determine your balance that you keep on credit cards not by what you pay down off the bill by the due date but by what balance is actually on your card on a certain day.?
Tomsusername123
False, they assume the card is at its maximum limit, because it could be tomorrow
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∙ 16y ago
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Can a husband and wife get separate loans?
I am not certain, but I believe so. Their credit reports remain individual even after marriage.
What do Credit report tell creditors?
Credit reports generally tell creditors about your current and past credit history. They include things like the amounts of credit extended, the highest balance that you held, current balances, how long the accounts have been active, if and when you were late on a payment,how late the payment was, etc. They can then use this information to determine the risks associated with lending you money.
Where to See credit history after denied credit?
Credits history can actually be taken from credit reports which is sold by several CRA's.
Certain budget reports are prepared monthly whereas others are prepared more frequently depending on the activities being monitored True False?
True
How can one get free credit reports?
One can receive a free credit report under certain circumstances such as a denied application for credit or if one is unemployed or on welfare. These credit reports are offered through three major reporting agencies which are Equifax, Experian and TransUnion.
What reports does the accounting department provide?
There are several reports used in accounting and that the accounting department will provide, these may include, but or not limited to, Income Statement Statement of Retained Earnings Balance Sheet Trial Balance Statement of Owners Equity (Stockholder Equity of company is Inc.) Statement of Cash Flows Bank Reconciliation Statement As I stated, these are a few. It can also depend on what function the certain accounting department is or is not in charge of that will determine exactly what statements they are required to provide.
What reports alerts you to errors in your books?
trial balance
The balance sheet classification that reports the obligations of the company?
Liabilities
What reports a company's financial position?
It's the Balance Sheet.
Will business credit reports determine collectability of receivables?
Yes they will definitely do it. The business credit reports will determine if the receivables are collectable if you request them. You should ask them for the credit report to see.
What is the financial statement that reports accounting data at a specific date?
balance sheet
Which financial statement that reports accounting data at a specific date is the?
Balance Sheet
What is the Importance of the Valuation?
It is a balance sheet disclosure required for public companies' annual reports.
What financial statement reports an organization's financial position at a point in time?
Balance Sheet
What is the importance of inventory valuation?
It is a balance sheet disclosure required for public companies' annual reports.
What type of account is asset account?
An asset account is a "balance sheet" account. That is, when financial reports are created, the balances in asset accounts are reported on the balance sheet*, together with the balances in liability accounts and shareholders' equity accounts, and not on the income statement (which reports only revenues and expenses for the period of time ending on the balance sheet date.) *Another name for the balance sheet is the Statement of Financial Position.
What did the 1992 Consumers Reports analysis of seafood determine?
A Consumer Reports analysis in early 1992 found that much of the seafood consumed by Americans was often of poor quality.
