Most Information in Your Credit File (Except Bankruptcies) May Be

question 125

True/False

Most information in your credit file (except bankruptcies) may be reported for only 7 years.

---

Definitions:

Financing Activities

Transactions that result in changes in the size and composition of the equity and borrowings of a company.

Direct Method

A cash flow statement preparation approach that lists major classes of gross cash receipts and payments.

Investing Activities

A section of the cash flow statement of a company which documents the buying and selling of long-term assets, including property, plant, and equipment.

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowings of the entity.