Problemto obtain financing for her hair salon alicia asked, Ask an Expert

Accounting

Problem

To obtain financing for her hair salon, Alicia asked you to prepare a balance sheet for her business. When she sees it, she is disappointed that the assets exclude a value for her list of loyal customers.

What can you tell her to explain why this "asset" has been excluded?

Knowing this, what should she tell her banker when they meet next week?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92770404

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