A property owner contracted to have a swimming pool installed on her property. When the pool was completed, she refused to pay for the improvement, and the contractor filed a lien for nonpayment. This lien was most likely a

A detailed listing of merchandise on hand.

What will be an ideal response?

Shlomtza's Sheets has its checking account plus a line of credit with Superficially Friendly Bank. It draws from its credit line and uses the funds to add to its inventory. What are the results of the actions in the above question for Superficially Friendly Bank?

a) Its total assets and total liabilities both increase b) Its total assets increase and total liabilities decease c) Its total assets and total liabilities both decease d) Its total assets decrease and total liabilities increase e) Its total assets are unchanged and total liabilities increase f) Its total assets and total liabilities are both unchanged