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Essay Galaxy - Assets Worth What Balance Sheet Says?
Assets Worth What Balance Sheet Says?
Hilda Lahti owner of the Custom-Made Products has gone through a huge change
in her business. Hilda noticed that one part of her business made more money than the
other, so therefore Hilda decided to base her whole business on that just side. In order to
run this business she needed a loan. She brought her balance sheet in, without changing
the assets section to satisfy her new business. This brought up the question are the assets
always worth what the balance sheet says?
The bank manager might be considered about the repayment of this bank loan
since the balance sheet wasnt accurate and had missing information they might always be
concerned since she does have other things to pay and the bank might not get their money.
An other issue concerning the banker about this loan is the fact that the mach....
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Number Of Pages: 2 |
Number Of Words: 448 |
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