True or False 1. The FCRA applies only to the 3 main credit reporting bureaus, Equifax, Experian, and TransUnion
2. Under FCRA, each credit bureau must also provide your credit score, free of charge, if you request it
3. FCRA allows you to opt-out of receiving credit card promotions based on your credit history
4. Equifax, Experian, and TransUnion are legally obligated to provide identical information

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?