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What common interests are shared by bankers

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Question - Monica Orgeta, president and owner of Star Enterprises, applied for a $250,000 loan from Carmel National Bank. The bank requested financial statements from Star Enterprises as a basis for granting the loan. Monica has told her accountant to provide the bank with a balance sheet. Monica has decided to omit the other financial statements because there was a net loss during the past year.

Is Monica behaving in a professional manner by omitting some of the financial statements?

What types of information about their businesses would owners be willing to provide bankers?

What types of information would owners not be willing to provide?

What common interests are shared by bankers and business owners?

As the loan officer for Carmel National Bank, would you accept only the balance sheet in considering lending funds to Star or any business?

Reference no: EM132545452

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