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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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Is common stock a revenue?

No, common stock is not considered revenue. Common stock represents ownership in a company and is part of its equity on the balance sheet. Revenue, on the other hand, refers to the income generated from the sale of goods or services during a specific period. In summary, common stock is a source of capital for a company, while revenue reflects the company's operational income.


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.


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.


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.

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