all_diamondz asked:


During the 1980s, U.S. banks made loans to South American countries. Many of the loans turned out to be worthless. How did this affect the assets, liabilities, and owners’ equity of these banks?

Edwin

Drew asked:


Which of the following is an advantage of equity financing over debt financing?

A. The original partners can maintain total control of the company.
B. Equity financing provides necessary capital more quickly than a loan.
C. It’s possible to raise more money than a loan can usually provide.
D. Debt financing is reserved for large corporations with a history of high profits.

Miguel