Janet Flynn, owner of Reel Company, plans to apply for a bank loan at Canadian National Bank.

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Janet Flynn, owner of Reel Company, plans to apply for a bank loan at Canadian National Bank. Since the company has a lot of debt on its balance sheet, Janet does not plan to show the loan officer the balance sheet. She plans only to take the income statement. Do you feel that this is a sound financial move by Janet? You make the call. Write down your specific recommendations to Janet.
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College Accounting A Practical Approach

ISBN: 978-0132564441

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

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