Below is a condensed listing of the assets and liabilities of General Electric as of December 31, 2008. All amounts are in millions of U.S. dollars.

1. Among its assets, General Electric lists more than $365 billion in loans receivable. This represents loans that General Electric has made and expects to collect in the future. This is exactly the kind of asset reported among the assets of banks. Given what you know about General Electric€™s business, how do you think the company acquired these loans receivable?
2. The difference between the reported amount of General Electric€™s assets and liabilities is $113.612 billion ($797.769 €“ $684.157). What does this differencerepresent?

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Assets Liabilities S 48,187 365,168 13,674 78,530 292,210 S797,769 $544,581 3,340 4,584 131,652 Cash Loans receivable Inventories Property & equipment Other assets Payables Dividends payable Deferred income taxes Other liabilities Total liabilities $684,157 Total assets