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Assets Worth What Balance Sheet Says?
Beginning of paper
?
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 ch .... Middle of paper
.... than the competition. By fixing the balance sheet it will also have a
better chance of approval, the assets should be up to date and include a headings that tells
the owners capital this way the banker can see what the annual income is of the business.
A buyer is found for the machinery that pays $35,000 this will change the balance
sheet because it has an affect on be the cost of the equipment changing the amount of the
total assets. this is w ....
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Number of words: 424
Number of pages: 2 (approx. 250 words per double-spaced page)
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