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Long-term Liabilities Santana Rey has consulted with her local banker and is considering financing an expansion of her business by obtaining a long-term bank loan.
Long-term Liabilities
Santana Rey has consulted with her local banker and is considering financing an expansion of her business by obtaining a long-term bank loan. Selected account balances at March 31, 2017, for Business Solutions follow.
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Total assets | $120,268 | Total liabilities | $875 | Total equity | $119,393 |
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What are some factors Santa Rey should consider before borrowing the funds?
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