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Under ASC 805,consolidation follows largely which theory approach?
Truth In Lending Act
A national statute aimed at encouraging the knowledgeable utilization of consumer credit through mandating the revelation of its conditions and expenses.
Unsecured Open-End Credit
A line of credit that does not require collateral and can be used repeatedly up to a certain limit.
Annual Percentage Rate
The annual rate charged for borrowing or earned through an investment, expressed as a percentage that represents the actual yearly cost of funds over the term of a loan or income from an investment.
Newspaper Advertisement
A public announcement or promotion of products, services, or events published in a newspaper.
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