FICO Scores Range from 300 to About 850

question 10

True/False

FICO scores range from 300 to about 850.A score above 770 is excellent,a score above 700 is good,and a score below 600 is considered a credit risk.

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Definitions:

Stockholders' Equity

The residual interest in the assets of an entity after deducting its liabilities, representing the ownership interest of the shareholders.

Fees Earned

Income earned through the delivery of services.

Wages Expense

An account representing the total cost of labor paid to employees, typically recorded over a specific accounting period.

Dividends

Payments made by a corporation to its shareholder members from the company's earnings.