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Gnom [1K]
3 years ago
13

Which of the following does not appear on the asset side of a bank's balance sheet? Question 19 options: a) required reserves b)

checkable deposits c) loans d) excess reserves
Business
1 answer:
tamaranim1 [39]3 years ago
6 0

Answer: b) checkable deposits

Explanation:

Checkable Deposits are the deposits by customers into the bank. The bank uses these funds to make loans that it issues out to others. It is recorded as a liability on a Banks Balance sheet because it represents that the bank owes its customers.

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The lower-of-cost-or-market method values assets according to the lowest value possible choosing between the market value or the asset's historical cost. This accounting principle is useful to avoid exaggerating the value of obsolete or damaged assets the firm might have in stock.

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Answer:

3. Distribution

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