If You Are Denied Credit, Your First Step Should Be

question 81

Multiple Choice

If you are denied credit, your first step should be to:

• A) increase your income and decrease your spending.
• B) reapply for credit.
• C) hire an attorney and file a suit against the creditor.
• D) check your credit file at the consumer bureau.
• E) sue the credit bureau that provided the negative information.

Understand and apply the concept of significant influence in determining the need for equity accounting.

Recognize and calculate goodwill arising from the acquisition of an interest in an associate.

Comprehend the implications of revaluations by an associate on the investor's financial statements.

Understand the accounting treatments and disclosures required for investments in associates including the discontinuation of equity method due to incurred losses.

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Definitions:

Gestures

Movements of the body or limbs that express or emphasize an idea, sentiment, or attitude.

Eye Contact

The act of looking directly into another person's eyes, which can communicate attention, interest, or various emotional states.

Vocal Characteristics

The unique qualities and features of a person's voice, including tone, pitch, and speed, which can convey emotions and attitudes.

Interpreting Nonverbal

The process of understanding and making sense of nonverbal cues such as facial expressions, gestures, and body language.