Direction: Read the statements carefully. Write TRUE if the statement is correct. Otherwise, write FALSE. 2 1. A bank is a financial institution licensed to receive deposits and make loans and may also provide financial services such as wealth management, currency exchange, and safe deposit boxes. 2. Debt financing is the process of raising capital through the sale of shares. _3. Equity financing is the riskiest among all the sources of financing. 4. Banks in the Philippines offer a fixed or standard term for business loans. 5. For government loans, when the borrower receives money from the approved loan, payments shall be deducted every month from their salary and will be forwarded to the goyernment agencyY,
Direction: Read the statements carefully. Write TRUE if the statement is correct. Otherwise, write FALSE. 2 1. A bank is a financial institution licensed to receive deposits and make loans and may also provide financial services such as wealth management, currency exchange, and safe deposit boxes. 2. Debt financing is the process of raising capital through the sale of shares. _3. Equity financing is the riskiest among all the sources of financing. 4. Banks in the Philippines offer a fixed or standard term for business loans. 5. For government loans, when the borrower receives money from the approved loan, payments shall be deducted every month from their salary and will be forwarded to the goyernment agencyY,
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter10: Long-term Liabilities
Section: Chapter Questions
Problem 10.4DC
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