(Examining relevance, LO 3) For each of the following situations, indicate the information that the specific user would require. Explain. Do you think the information required would be available in general purpose GAAP financial statements? Explain.

a. A banker is asked to lend money and accept a building as collateral for the loan. The banker can lend only 90% of the fair market value of the collateral.

b. A tenant in a mall must pay 5% of its gross sales in a year as rent to the mall owner. The rent must be paid within 60 days of the end of the year.

c. An investor wants to predict the amount of cash a company will have to spend on replacing old equipment.

d. An investor wants to know the current market value of the Loblaw Companies Limited shares that she owns.