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Suppose you are the chief financial officer of a small mining firm. The firm needs a bank loan in order to purchase drilling equipment. In
Suppose you are the chief financial officer of a small mining firm. The firm needs a bank loan in order to purchase drilling equipment. In evaluating the loanrequest, the banker asks about the assets and liabilities of the business. Inparticular, the banker wants to know the amount of thebusiness's owners' equity.
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Which financial statement would provide the best information to answer thebanker's questions?
the banker wants to know the amount of thebusiness's owners' equity. ???????????
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