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problem1. Rearrange the following accounts to make a bank balance sheet for Second National Bank. What are total amounts which make the bank’s balance sheet balance?

i) Demand deposits: $20 million

ii) Government securities owned: $7 million

iii) Cash assets: $5 million

iv) Bank fixed assets: $14 million

v) Loans secured by real estate:

vi) Time and savings deposits: $30 million $40 million

vii) Commercial and industrial loans: Federal funds purchased: $18 million $6 million

viii) Owners’ capital: $6 million

ix) Other long-term liabilities: $2 million

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M93939

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