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Description: Show new balance set if bank uses stored liquidity management to offset expected drain of $12 million net deposit. Also explain effect on size and composition of assets and liab AssetsCashSecuritiesLoansTotal assets$51055$70Liabilities and equityDepo

Business

Accounting

Assets Cash Securities Loans Total assets $5 10 55 $70 Liabilities and equity Deposits Equity Total liabilities and equity $62 8 $70

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Question

Show new balance set if bank uses stored liquidity management to offset expected drain of $12 million net deposit. Also explain effect on size and composition of assets and liab

Assets
Cash
Securities
Loans
Total assets
$5
10
55
$70
Liabilities and equity
Deposits
Equity
Total liabilities and equity
$62
8
$70

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