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4. Martha Higgins is currently trying to borrow some money from the bank. She has listed her personal automobile ($25 000) on the business balance

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4. Martha Higgins is currently trying to borrow some money from the bank. She has listed her personal automobile ($25 000) on the business balance sheet to make the statement look more attractive to the banker. a. Is this a reasonable thing to do? b. Which GAAP(s) affect this situation? Explain

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