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Vlad1618 [11]
3 years ago
12

Rolette Clemens is a financial institution that provides loans to businesses. It rejects a textile company's request for a loan

after it reviews the value of the company's assets, liabilities, and owners' equity and finds them to be unsatisfactory. In this scenario, Rolette Clemens most likely analyzed the company's _____ to assess its financial condition.
Business
1 answer:
Kamila [148]3 years ago
4 0

Answer:

Balance sheet

Explanation:

Balance sheet: In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity  

The debit and credit side of the balance sheet should always be equal and balanced.  

Moreover, it always is prepared on the specified date.

It analyzes the financial profitability, position, performance of the business organization

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Q 10.25: Admire County Bank agrees to lend Givens Brick Company $600,000 on January 1st. Givens Brick Company signs a $600,000,
Shtirlitz [24]

Answer:

Entry is given below

Explanation:

As Givens brick company is paying off the liability of note payable and the interest amount therefore, it will be debited as it is a decrease in liability. Cash will be credited as it is our asset and its decreasing.

Entry                      DEBIT          CREDIT

Notes payable     $600,000

Interest                 $36,000(w)

Cash                                           $636,000

Working

Interest = $600,000 x 8% x9/12

Interest = $36,000

7 0
3 years ago
What happens to the interest rate after six months for credit card #1? 2. Which credit cards have an annual fee? 3. Is the grace
Andrews [41]
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7 0
3 years ago
BRAINLIEST
matrenka [14]
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3 years ago
The nato nations have agreed that in the case of an attack against a member nation??
monitta
All other member nations will help defend it
4 0
3 years ago
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Rashid [163]

Answer:

Regional Products

Explanation:

According to the UCC where place of delivery is not specified in a transaction, the place of delivery of the goods will be at the seller's place of business.

This will help with inspection, where the buyer has an opportunity to inspect the goods and either accept or reject before transportation cost is incurred.

6 0
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