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Based on your reading in the textbook, prepare your answers to the following problems in a Word document and submit them to the Drop Box as describeed below:

1.Following is a list of accounts:
a.Services charged on deposit accounts
b.Retail CDs
c.Surplus and paid-in capital
d.Consumer loans
e.Federal funds sold
f.Interest on municipals
g.NOW accounts
h.Commercial letters of credit
i.Leases
j.Provision for loan losses
Your task is to classify each of these accounts into one of the following categories. (More than one account will go with some of the categories.)
1.Assets
2.Liabilities
3.Equity
4.Revenue
5.Expense
6.Off-balance-sheet activities

 

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M927970

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