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Other Fields Homework Help Economics Topic started by: pjw1979 on Dec 27, 2022



Title: Scenario: Amateur Bank is just starting out and has had the following transactions: Amateur Bank ...
Post by: pjw1979 on Dec 27, 2022
Scenario: Amateur Bank is just starting out and has had the following transactions:

• Amateur Bank takes out a $3,000 loan from Pro Bank.
• Amateur bank has $2,500 invested in building and operations.
• Suzie deposits $1,200.
• Joe deposits $750.
• Robbie takes out a loan for $900.
• Jackie takes out a business loan for $625.
• Amateur Bank invests $1,000 in GoPro.


Refer to the scenario above. How much does Amateur Bank have in total liabilities?

▸ $5,300

▸ $4,950

▸ $4,250

▸ $5,500


Title: Scenario: Amateur Bank is just starting out and has had the following transactions: Amateur Bank ...
Post by: jd1044 on Dec 27, 2022
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