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Suppose you and Samson (your best friend from high school) move into Jour freshman dorm room. You are surprised to learn your best friend nas
Suppose you and Samson (your best friend from high school) move into Jour freshman dorm room. You are surprised to learn your best friend nas invited his girlfriend, Delilah, to also move in. You completely trust /our friend and would willingly lend him any amount he asked for. Your iriend knows his girlfriend and says she is just as trustworthy as he is. Delilah asks to borrow $500 from you so she can buy her Accounting extbook. You tell Samson you'd be glad to lend him the money; however, Jou don't know Delilah so you are not comfortable lending directly to her. 5amson says OK and borrows the $500 from you and then lends it to Delilah. Which of the following is/are true (read all possibilities): This is a form of direct financing since it probably involves IOU's You end up with a liability Delilah ends up with an asset (ignore the asset value of the purchased textbook) Samson is acting as a financial intermediary. All of the above are true. Suppose you and Samson (your best friend from high school) move into Jour freshman dorm room. You are surprised to learn your best friend nas invited his girlfriend, Delilah, to also move in. You completely trust /our friend and would willingly lend him any amount he asked for. Your iriend knows his girlfriend and says she is just as trustworthy as he is. Delilah asks to borrow $500 from you so she can buy her Accounting extbook. You tell Samson you'd be glad to lend him the money; however, Jou don't know Delilah so you are not comfortable lending directly to her. 5amson says OK and borrows the $500 from you and then lends it to Delilah. Which of the following is/are true (read all possibilities): This is a form of direct financing since it probably involves IOU's You end up with a liability Delilah ends up with an asset (ignore the asset value of the purchased textbook) Samson is acting as a financial intermediary. All of the above are true
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