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Suppose you need a bank loan to purchase lawn equipment for Ralph's Landscaping Service. In evaluating your loan request, the banker asks about the assets
Suppose you need a bank loan to purchase lawn equipment for Ralph's Landscaping Service. In evaluating your loan request, the banker asks about the assets and liabilities of your business. In particular, the banker wants to know the amount of the business's owner's equity Required 1. Is the banker considered an internal or external user of financial information? 2. Which financial statement would provide the best information to answer the banker's questions? Requirement 1, the banker considered an internal or external user of financial information? The banker is an wner of fnancial information Requirement 2. Which financial statement would provide the best information to answer the banker's questions? The financial Matement that would provide the best information to answer the banker's questions in the
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