When a bank sells all or part of the cash stream from a specific loan,
A) it removes the loan from its balance sheet.
B) it usually does so at a loss.
C) it usually does so at a profit.
D) both A and B of the above occur.
E) both A and C of the above occur.
E
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A bill is received for electric service; the charge for the electricity is recorded, but payment will be made later. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase. b. Assets increase and stockholders' equity increases. c. Liabilities increase and stockholders' equity decreases. d. Liabilities decrease and assets decrease.
Why do companies generally divide a market into segments of customers?
What will be an ideal response?
Which of the following is true regarding SIC 12, "Consolidation--Special Purpose Entities", and FIN 46R, "Consolidation of Variable Interest Entities"?
a. Both pronouncements show evidence of being a principles-based standard. b. Both pronouncements state that the substance of the relationship between an entity and the variable-interest or special-purpose entity is the determining factor in deciding to consolidate a variable-interest or special-purpose entity. c. Both pronouncements state that the entity expected to bear the majority of the expected gains or losses of the variable-interest or special-purpose entity should consolidate the variable-interest or special-purpose entity. d. Both pronouncements state that technical voting control of an SPE is the determining factor in deciding to consolidate a variable-interest or special-interest entity.
Damages that are generally equal to the difference between the value of the goods as warranted and the actual value of the goods accepted at the time and place of acceptance are known as ________
A) punitive damages B) incidental damages C) compensatory damages D) future damages