When a bank sells all or part of the cash stream from a specific loan,
A) it removes the loan from its balance sheet.
B) it usually does so at a loss.
C) it usually does so at a profit.
D) both A and B of the above occur.
E) both A and C of the above occur.
E
Business
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Vicki's Dance Studio bills a client for dancing lessons earned during the past week. The journal entry will include a credit to
A. Cash B. Common Stock C. Accounts Receivable D. Service Revenue
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In which of the following policies does the face amount of the policy decrease at a set age?
A) Whole life B) Modified whole life C) Level renewable term D) Deposit term
Business