The Study of an Individual Item or Account Over Several

question 29

Multiple Choice

The study of an individual item or account over several accounting periods,such as months,quarters or years is known as:

• A)Percentage analysis
• B)Ratio analysis
• C)Vertical analysis
• D)Horizontal analysis

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Definitions:

Good Credit Rating

An evaluation made by credit bureaus that suggests a borrower has a high likelihood of repaying borrowed money on time.

Fair Debt Collection Practices Act

A U.S. federal law designed to eliminate abusive, deceptive, and unfair debt collection practices by debt collectors.

Standard Credit Company

A hypothetical or generic name for a company that provides credit services, evaluating creditworthiness and offering loans or credit to individuals and businesses.

Equal Credit Opportunity Act

A U.S. law aimed at granting all individuals a fair opportunity to obtain credit, prohibiting discrimination based on race, color, religion, national origin, sex, marital status, age, or because someone receives public assistance.