ACCT ACCT 101

What is the accounting equation? correct answer: Assets = Liabilities + Owner's Equity Adding property Plant or Equipment into a business through an investment by the owner would: a. Increase expenses and increase assets b. Increase one asset and decrease another asset c. Decrease one asset and increase another asset d. Increase O.E. and increase assets correct answer: A. Increase expenses and increase assets Paying off an account payable with Cash would: a. Increase assets and...

Unfair practices related to loan modification programs and scams perpetrated by mortgage relief companies led to the enactment of Correct Answer: FTC MARS Rule. Your Answer: GLB Safeguards Rule. Your Answer: FTC Red Flag Rules. Your Answer: Dodd-Frank Ability to Repay Rule. These predatory activities led to the enactment of the MARS Rules. A lender is obligated to provide a borrower with a Closing Disclosure, how many business days prior to the loan closing if requested to do so? Corr...

Unfair practices related to loan modification programs and scams perpetrated by mortgage relief companies led to the enactment of Correct Answer: FTC MARS Rule. Your Answer: GLB Safeguards Rule. Your Answer: FTC Red Flag Rules. Your Answer: Dodd-Frank Ability to Repay Rule. These predatory activities led to the enactment of the MARS Rules. A lender is obligated to provide a borrower with a Closing Disclosure, how many business days prior to the loan closing if requested to do so? Corr...

Unfair practices related to loan modification programs and scams perpetrated by mortgage relief companies led to the enactment of Correct Answer: FTC MARS Rule. Your Answer: GLB Safeguards Rule. Your Answer: FTC Red Flag Rules. Your Answer: Dodd-Frank Ability to Repay Rule. These predatory activities led to the enactment of the MARS Rules. A lender is obligated to provide a borrower with a Closing Disclosure, how many business days prior to the loan closing if requested to do so? Corr...

Unfair practices related to loan modification programs and scams perpetrated by mortgage relief companies led to the enactment of Correct Answer: FTC MARS Rule. Your Answer: GLB Safeguards Rule. Your Answer: FTC Red Flag Rules. Your Answer: Dodd-Frank Ability to Repay Rule. These predatory activities led to the enactment of the MARS Rules. A lender is obligated to provide a borrower with a Closing Disclosure, how many business days prior to the loan closing if requested to do so? Corr...