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Assets Worth What Balance Sheet Says?
?
Hilda Lahti owner of the Custom-Made Products has gone through a huge change
in her business. Hilda noticed that one part of her business made more money than the
other, so therefore Hilda decided to base her whole business on that just side. In order to
run this business she needed a loan. She brought her balance sheet in, without changing
the assets section to satisfy her new business. This brought up the question “are the assets
always worth what the balance sheet says”?
The bank manager might be considered about the repayment of this bank loan
since the balance sheet wasn’t accurate and had missing information they mig ....
Word count: 424 - Page count: 2
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