Celestila Moonn, an UMB Global Affairs major student registered for the online Global Financial Markets course.However, Moonn was not sure if a company's assets and/or liabilities that can be excluded from its financial statements. In order to make the concept clear, she sought help from a friend, an UMB MBA student. Her friend tells the following regarding off-balance-sheet activity However, Moonn needs your help. An off-balance-sheet activity is a transaction, contract, or commitment that a bank enters into but is not directly accounted for on the bank's balance sheet. They are often reported in the notes to the financial statement or on a separate schedule. Examples of these are letters of credit, lines of credit, options, forwards, and swaps. Briefly share your understanding of an off-balance-sheet activity with Moonn. Due on March 31 at 10pm