Question: Jack Henry borrowed $ 8 0 0 , 0 0 0 from Walt Bank to open a new bike st re called Wooden Wheels. Jack

Jack Henry borrowed $800,000 from Walt Bank to open a new bike stre called Wooden Wheels. Jack transferred $650,000 of the cash he borrowed to the store on the first day of the year. How many reporting entities exist in this scenario?
Multiple Choice
:51
One reporting entity.
Three reporting entities.
Four reporting entities.
Two reporting entities.
Jack Henry borrowed $ 8 0 0 , 0 0 0 from Walt

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