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Please fill in the blanks and calculate the adjusted net worth of this borrower based on the following comments shown in the from an interview
Please fill in the blanks and calculate the adjusted net worth of this borrower based on the following comments shown in the from an interview with the customer. Thank you!
Personal F/S and Personal Tax Return Exercise: 1) (5 pts) Calculate the adjusted net worth of this borrower based on the following comments from an interview with the customer. - Cash and marketable securities were all verified with statements provided to the bank. - Actual cash value of life insurance is $35,000; the figure below is the face value of the policy. - The closely-held securities figure is based on the estimated current market value of the individual's ownership in RRV Industries, LLC. The book value of these investments is $80,000. - Estimated Income Tax amount is owed by RRV Industries and could be considered as a contingent liability rather than a direct obligationStep by Step Solution
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