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Prepare its balance sheet just after it gets the bank loan

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Question - CSUG Products is a start-up computer software development firm. It currently owns computer equipment worth $50,000 and has cash on hand of $15,000 contributed by CSUG's owners. CSUG takes out a bank loan. It receives $25,000 in cash and signs a note promising to pay back the loan over 5 years. Prepare its balance sheet just after it gets the bank loan. What is the ratio of real assets to total assets?

Reference no: EM133026708

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