Question
You know the following information about the Webb State Bank: Accumulated depreciation $40 Net loan 600 Fed Funds purchased and repurchase agreement 200 Cash and
You know the following information about the Webb State Bank:
Accumulated depreciation $40
Net loan 600
Fed Funds purchased and repurchase agreement 200
Cash and due from banks 50
Trading account securities 40
Miscellaneous assets 100
Deposits 500
Undivided profits 140
Gross premises 90
Surplus 40
Subordinated debt 100
Investment securities 160
Common stock par 20
Gross loans 700
Given this information, what is the value of this firm's total equity?
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Management and Cost Accounting
Authors: Colin Drury
10th edition
1473748873, 9781473748910 , 1473748917, 978-1473748873
