Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 1. You have the following information about City Bank in 2013 (All numbers are in Millions of Dollars ) . Deposits: 137.5; Miscellaneous Assets:

Problem 1.

You have the following information about City Bank in 2013(All numbers are in Millions of Dollars).

Deposits: 137.5; Miscellaneous Assets: 60; Surplus: 17.5; Borrowings: 75; Security holdings: 52.5; Loan: 150; Retained earnings: 37.5; Cash Assets: 37.5; Stock: 32.5

Question: Establish the Report of Condition of City Bank in 2013

Problem 2.

Suppose you had the following account items about National Bank of Oman in 31/12/2018: (All numbers are in Millions of OMR)

Borrowings =3290; Miscellaneous assets = 140; Securities ready for sale = 700; Retained earnings = 70; Capital =140; Cash = 1400; Deposits = 3500; Loans = --------???; ; Securities for investment= 560 ;

Questions :

1- Arrange all the items given above in correct sequence to derive the banks Report of Condition. (you need to find the amount of Loan by yourself (think about it) remember, both sides should be equal
2- Indicate the following elements: Secondary Reserves and Total Equity.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Funny Audit Stories Auditor Stories To Make You Laugh Out Loud

Authors: Truman Ballas

1st Edition

B097DCG5GS, 979-8524946072

More Books

Students also viewed these Accounting questions

Question

in a figure

Answered: 1 week ago