Why is the liabilities section of the statement of financial position of primary significance to bankers?

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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Nov 23, 2017 08:55 AM

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Why is the liabilities section of the statement of financial position of primary significance to bankers?

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As a lender of money the banker is interested in the priority hisher claim has on the co...View the full answer

Intermediate Accounting IFRS

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