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The most common complaints about Collection Company of America is that accounts deleted because of fraud were showing up in the yearly report and that CA members were receiving rude behaviour from the staff.

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Q: What are the most common complaints about Collection Company of America?
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The normal balance of common stock is credit is true?

From the company's point of view yes it is true because common stock is the money we borrow or acquire from share holders and that's why it is the liability of the company to pay back at the time of liquidation of the company to share holders.


If a collection account has been removed from credit report will it get effected by the 'last activity date' if a person pays the balance off?

It may. There is no way to tell what the repercussions will be. If the company (assuming that it is a collection agency and not the original creditor) is willing to take your payment and not update the now non-existant credit listing, then it may have no effect, except to clear your conscience. If it is an original creditor, like a credit card company; their processes of reporting and updating bureaus are so fragmented and automated, they may not be aware of, or able to control, the reporting of information to the bureaus. A paid collection with a recently reported date MAY find its way back onto your credit and impact your credit scores. Technically, the date the account was paid is NOT the date of last activity. However, this error is a common occurence and may happen in your case.


Why would a company pursue a security audit?

There are many reasons why a company would pursue a security audit. One of the most common ones would be if the company feels that someone in the company's security team is leaking company information and has become a risk to the company. The security audit will determine the leak and the company will be able to remedy the situation.


Are common stocks considered an expense?

Common stocks are indeed considered an expense. However, if the company from which the stock is issued is not profitable, it could be considered a liability.


How do you find the return on equity?

ROE=(Earning available for common stockholders)/(common stock equity)Return on Equity is a measure of the returns generated by every share of common stock of a company. High ROE does not mean any immediate benefits but an increasing ROE year-on-year means that the company is doing well and is able to grow on its profits.Formula:ROE = Net Income / No. of SharesNet Income - This is the total income of the company after paying preferred stock dividendsNo. of Shares - This is the total number of common shares in the market (Does not include Preferred Shares)

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