Types of Credit Represent What Score Input When Calculating Your

question 74

Multiple Choice

Types of credit represent what score input when calculating your FICO score?

• A) 35%.
• B) 30%.
• C) 20%.
• D) 10%.

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Definitions:

Accounts Payable

A liability account that records amounts a company owes to suppliers for goods and services purchased on credit.

Statement Of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment, and financing activities.

Accounts Receivable

Money owed to a business by its customers for products or services delivered on credit.

Inventory

Refers to the goods and materials a business holds for the purpose of resale or production.