Besides the Finance Charge,you Should Also Consider ____ When You

question 43

Multiple Choice

Besides the finance charge,you should also consider ____ when you shop for a consumer loan.

• A) loan maturity
• B) total cost of the loan
• C) collateral
• D) repayment penalties
• E) all of the above

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Definitions:

Adjusting Entries

Entries in the books of accounts made during the final part of an accounting cycle to distribute profits and costs to their rightful period.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.

Adjusting Entries

Records entered into accounting logs at the close of an accounting period to assign earnings and expenses to the period they truly happened.

Worksheet

A document or spreadsheet used in accounting to compile data and calculations for reporting purposes.