A FICO Score Is Named After Its Creator,Fair,Isaac,and Company

question 20

True/False

A FICO score is named after its creator,Fair,Isaac,and Company.It summarizes the probability that a person with debt will repay that debt.

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Definitions:

Operating Activities

Financial transactions and events related to the core business functions, including revenue and expense activities.

Indirect Method

A cash flow statement presentation method that adjusts net income for the changes in balance sheet accounts to calculate cash flow from operating activities.

Net Income

The total profit of a company after all expenses, taxes, and costs have been deducted from total revenue, often referred to as the bottom line.

Statement of Cash Flows

A financial report showing the cash inflows and outflows from operating, investing, and financing activities of a company over a period.