What kind of financial statements are required for a credit card application?

1 Answer

Answer :

They need proof of income, employment and bank statements this is to show that you will have enough money to pay back the credit you have borrowed from the credit card company.

Related questions

Description : How long should I keep bank statements, credit card statements, financial reports?

Last Answer : I have the same issue. I save them for some reason. I don't know why. I never refer to them and actually don't even open them. I always use online banking. I guess the reasonable thing to ... keep the current month only, once you get a new statement, if everything looks good, shred the previous one.

Description : Can I get some financial advice? Credit card vs depleting savings?

Last Answer : answer:Not to try to find new ways for you to go deeper into debt, but is it possible to secure a home equity line of credit? Be advised that that (if you can get it) is a lien against the ... meaning paid off in full and balanced each month - you will be then be able to save money again.

Description : What does amortization mean? A. Spreading payments over multiple periods B. Buying a financial instrument in order to sell the same instrument at a higher price in another market C. Issuance approval, ... issuer D. Buying the underlying securities at a specified excercise price E. None of the Above

Last Answer : A. Spreading payments over multiple periods Explanation: Amortization is an accounting term that refers to the process of allocating the cost of an intangible asset over a period of time. It also refers to the repayment of loan principal over time.

Description : Can I fill out a credit card application for a Best Buy card online?

Last Answer : You can fill out the Best Buy credit card application online. It is on the Best Buy website and will give you immediate approval in many cases.

Description : Can we fill out a credit card application online?

Last Answer : Yes, you can fill out a credit card application online. Just go to a website such as Capital One's. They're located at; www.capitalone.com/. It will bring you to an icon that says "apply here". Just click on it and fill it out with your information.

Description : Where do I fill out a credit card application for my small business?

Last Answer : Hello Deluxe Services Deluxe has been an industry leader in providing everything from business checks and forms, to promotional products, logo design, website design, and other marketing services, as well as Payroll Services and more. You will find all the information you need here. cutt.ly/Vj0iquj

Description : Lowe's credit card application for homeowners.?

Last Answer : Usually everytime I go to Home Depot or Lowes they are always offering me a credit card application for 10 percent of my total purchase and usually if you spend a certain amount no interest for a year if you pay it off.

Description : How do I fill out a credit card application?

Last Answer : You will need to give them your address, full name, social security number, credit history, etc. to fill out a credit card application. Some you can fill out online.

Description : The overriding objective of the International Auditing Standards that are issued by the International Auditing Practices Committee of the IFAC is a. To override a country's regulations governing ... audit procedures that are acceptable worldwide. d. To replace generally accepted auditing standards.

Last Answer : To improve the uniformity of auditing practices and related services throughout the world

Description : The overriding objective of the International Auditing Standards that are issued by the International Auditing Practices Committee of the IFAC is a. To override a country's regulations ... specific audit procedures that are acceptable worldwide. d. To replace generally accepted auditing standards

Last Answer : To improve the uniformity of auditing practices and related services throughout the world.

Description : Inquiries directed towards those charged with governance may most likely a. Relate to their activities concerning the design, and effectiveness of the entity's internal control and ... the auditor in evaluating the appropriateness of the selection and application of certain accounting policies

Last Answer : Help the auditor understand the environment in which the financial statements are prepared.

Description : Which of the following could be an example of fraud? a. Misappropriation of assets or group of assets. b. Errors in the application of the accounting principles. c. Clerical ... underlying the financial statements. d. Misinterpretation of facts that existed when financial statements were prepared.

Last Answer : Misappropriation of assets or group of assets

Description : The essence of the attest function is to a. Detect fraud. b. Examine individual transactions so that the auditor can certify as to their validity. c. Determine whether the client's financial statements are fairly stated. d. Ensure the consistent application of correct accounting procedures.

Last Answer : Determine whether the client's financial statements are fairly stated.

Description : The auditor's understanding of the entity and its environment consists an understanding of the following aspects: a. Industry, regulatory and other external factors, including the applicable financial reporting ... may result in a material misstatement of the financial statements d. All of these.

Last Answer : All of these.

Description : Which of the following is an incorrect statement relating to the theoretical framework of auditing? a. Effective internal control structure reduces the probability of fraud or irregularities in ... collecting evidence, auditors should maintain an attitude of trust about their clients' assertions.

Last Answer : In collecting evidence, auditors should maintain an attitude of trust about their clients' assertions.

Description : Is a credit card required at a Mexican resort?

Last Answer : It depends on their policy. I suggest you call and ask.

Description : Does anyone know of a people finder with phone number and address details for free Really free no credit card required besides blackbookonline.info or zabasearch?

Last Answer : Google’s got a phone book. Here is a good How To for using Google’s phone book. I use it all the time to find the address for one of my friends. I can never, ever seem to remember it otherwise.

Description : When I compare my school loan statements and my credit card statement and my car loan it appears to me that school loans operate like credit card debt?

Last Answer : My loans were like a car payment, if I remember correctly. But have you ever deferred any of your loans or ever had them in forbearance? Depending on the type of loans you have, that would effect the total amount ... to pay them off. Ugh! Can't tell you how glad I am that that's over and done with.

Description : What does APR mean on credit card statements?

Last Answer : APR is the cost of credit that consumers pay, expressed as a simple annual percentage.

Description : What should I do if my credit card company does not sends me my credit card statements for three consecutive months?

Last Answer : Call the customer service phone number. It’s usually printed on the back of the credit card.

Description : For which of the following services is a CPA professional not required to be independent? a. Tax returns preparation b. Audits of historical financial statements c. Review engagement d. Examination of a forecast

Last Answer : Tax returns preparation

Description : For which of the following services is a CPA professional required to be independent? a. Audits of historical financial statements b. Review services c. Examination of prospective financial statements d. All of the above

Last Answer : All of the above

Description : A CPA is criminally liable if he a. Refuses to turn over the schedules or working papers prepared by the client staff to the client. b. Performs an audit in a negligent manner. c. Intentionally ... be stated in a financial statement. d. Was not able to submit the audited financial statements on time

Last Answer : Intentionally allows an omission of a material fact required to be stated in a financial statement

Description : The principal issue to be resolved in cases involving alleged negligence is usually a. The amount of the damages suffered by the users of the financial statements. b. Whether to impose punitive damages on ... c. The level of care required to be exercised. d. Whether defendant was involved in fraud.

Last Answer : The level of care required to be exercised

Description : The auditor is required to comply with all PSAs relevant to the audit of an entity's financial statements. A PSA is relevant to the audit when: I. The PSA is in effect II. The circumstances addressed by the PSA exist. a. I only b. II only c. Either I or II d. Both I and II

Last Answer : Both I and II

Description : For which of the following services is a CPA professional not required to be independent? a. Tax returns preparation b. Audits of historical financial statements c. Review engagement d. Examination of a forecast

Last Answer : Tax returns preparation

Description : For which of the following services is a CPA professional required to be independent? a. Audits of historical financial statements b. Review services c. Examination of prospective financial statements d. All of the above

Last Answer : All of the above

Description : A CPA is criminally liable if he a. Refuses to turn over the schedules or working papers prepared by the client staff to the client. b. Performs an audit in a negligent manner. c. Intentionally ... be stated in a financial statement. d. Was not able to submit the audited financial statements on time

Last Answer : Intentionally allows an omission of a material fact required to be stated in a financial statement.

Description : The principal issue to be resolved in cases involving alleged negligence is usually a. The amount of the damages suffered by the users of the financial statements. b. Whether to impose punitive damages on ... c. The level of care required to be exercised. d. Whether defendant was involved in fraud.

Last Answer : The level of care required to be exercised.

Description : Whenever a CPA professional is engaged to perform an audit of financial statements according to Philippine Standards on Auditing, he required to comply with those standards in order to a. Eliminate audit risk ... of audit performance. d. To reduce the audit program to be prepared by the auditor.

Last Answer : Have a measure of the quality of audit performance.

Description : A CPA is conducting the first audit of a client's financial statements. The CPA hopes to reduce the audit work by consulting with the predecessor auditor and reviewing the predecessor's working papers. ... to a new engagement. d. Acceptable if the client and the predecessor auditor agree to it.

Last Answer : Acceptable if the client and the predecessor auditor agree to it.

Description : An engagement quality control review is required to be performed: a. Immediately after the re-assessment of control risk. b. At engagement completion after the report is issued. c. For all audits of ... listed entities. d. For all types of audits, regardless of the subject matter of the engagement.

Last Answer : For all audits of financial statements of listed entities

Description : Which of the following statements about independent financial statement audit is correct? a. The audit of financial statements relieves management of its responsibilities for die financial statements. b. An ... with PSAs should be determined by the client who engaged the services of the auditor

Last Answer : The auditor's opinion is not an assurance as to the future viability of the entity as well as the effectiveness and efficiency withwhich management has conducted the affairs of the entity.

Description : Which of the following statements about Google App Engine (GAE) is INCORRECT. A. It's a Platform as a Service (PaaS) model. B. Automatic Scalability is built in with GAE. As ... s applications. So, applications can take advantage of reliability, performance and security of Google's infrastructure.

Last Answer : You can decide on how many physical servers required for hosting your application.

Description : What kind of credit card is right for me?

Last Answer : answer:It used to be the easiest cards to get are deartment store cards. I don't know of that is still true. Once you have one of those for a while, then it is easier to apply for a visa or ... cards, always pay on time, and I recommend always paying in full so you don't incur any interest or fees.

Description : What kind background check a bank will do for the credit card processing?

Last Answer : A credit score check will be run for the credit card processing. you can read more about it at ww.creditcardprocessingsource.com/glossary.php

Description : How can I best pursue this idea without losing credit for it and possibly future financial gains?

Last Answer : There are a number of packages that will let you put a site together visually. But you're limited to the tools the package comes with. If you want to do something unique with custom features (such as ... PHP) along with HTML, CSS, and Javascript and have lots of free time to work on your site.

Description : Are Banks and credit unions are the only types of financial institutions?

Last Answer : Need answer

Description : The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Last Answer : (1) sale of stocks and bonds to the public Explanation: Companies issue securities called stocks and bonds to raise necessary capital which funds the company's daily operations and growth. ... issuing stock to owners called stockholders doesn't require the company's repayment of investor principal.

Description : ICRA, CRISIL, and Standard and Poor‟s (S&P) are ______ A. Financial Institutions B. NGOs C. NBFCs D. Credit Rating Agencies

Last Answer : D. Credit Rating Agencies Explanation: A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor s ability to pay back debt by making ... payments and the likelihood of default. Example:- ICRA, CRISIL, and Standard and Poor s (S&P).

Description : Which of the following company has changed its name to Bharat Financial Inclusion Ltd.? A) SKS Microfinance Ltd B) Spandana Sphoorty Financial Ltd C) Bhartiya Samruddhi Finance Limited D) Cashpor Micro Credit E) None of these

Last Answer : A) SKS Microfinance Explanation: The company had said the decision to change the name was taken as its core had undergone a transformation, equipping it to play a major role in fulfilling the ... presence across 18 states covering 1,00,000 villages, catering to its 63.65 lakh women members.

Description : What is the full form of FCCB? A. Foreign Currency convertible Bond B. Foreign Currency credit Bond C. Financial Consortium and Credit Bureau D. Future Credit and Currency Bureau E. None of the Above

Last Answer : A. Foreign Currency convertible Bond Explanation: Foreign currency convertible bonds (FCCBs) are a special category of bonds. FCCBs are issued in currencies different from the issuing company‘s domestic currency. A convertible bond is a mix between a debt and equity instrument.

Description : How did the Code of Ethics define public interest? a. A distinguishing mark of a profession is the acceptance of its responsibility to the public. b. The accountancy profession's public ... serves. d. The standards of the accountancy profession are heavily determined by the public interest

Last Answer : The collective well-being of the community of people and institutions the professional accountant serves.

Description : The main source of long-term credit for a business unit is (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Last Answer : sale of stocks and bonds to the public

Description : Financial Aid Application?

Last Answer : Applying for post-secondary education can be a confusing task, but the best place to start is with filing the Free Application for Financial Student Aid, or the FAFSA. There are several ... Scholarships are normally used first as tuition and books, with subsequent aid belonging to the student.

Description : Which of the following is not likely a threat to independence? a. Acting as an advocate on behalf of an assurance client in litigation or in resolving disputes with third parties. b. ... the application of an accounting principle. d. Owning immaterial indirect financial interest in an audit client.

Last Answer : Owning immaterial indirect financial interest in an audit client.

Description : Which of the following is not likely a threat to independence? a. Acting as an advocate on behalf of an assurance client in litigation or in resolving disputes with third parties. b. ... the application of an accounting principle. d. Owning immaterial indirect financial interest in an audit client.

Last Answer : Owning immaterial indirect financial interest in an audit client.