Question

Rearrange the following accounts to construct a bank balance sheet for the Second National Bank. What are the total amounts that make the bank’s balance sheet “balance”?
Demand deposits: $20 million
Cash assets: $5 million
Loans secured by real estate: $30 million
Commercial and industrial loans: $18 million
Owners’ capital: $6 million
Securities owned: $7 million
Bank fixed assets: $14 million
Time and savings deposits: $40 million
Federal funds purchased: $6 million
Other long-term liabilities: $2 million


$1.99
Sales0
Views56
Comments0
  • CreatedMarch 27, 2015
  • Files Included
Post your question
5000