bank’s customer wants to exercise a $6,750,000 loan commitment. Show the balance sheet after the loan is established using purchased liquidity to fund the loan.
bank’s customer wants to exercise a $6,750,000 loan commitment. Show the balance sheet after the loan is established using purchased liquidity to fund the loan.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
A bank’s customer wants to exercise a $6,750,000 loan commitment. Show the
Assets Liabilities and Equity
Cash $1,550,000 Deposits $7,960,000
Loans 3,470,000 Equity 1,440,000
Securities 4,380,000
Total Assets $9,400,000 Total Liabilities and Equity $9,400,000
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