Of the following statements, which one or ones indicate possible effects of a low credit score? i. you will have a difficult time qualifying for loans. ii. any loans you take out will be relatively short-term. iii. you will have to pay higher than average interest rates. a. i only b. i and ii c. iii only d. i and iii
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On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?
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Of the following statements, which one or ones indicate possible effects of a low credit score? i....
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