question archive What are loans that finance companies make generally called on the balance sheet Select one: a
What are loans that finance companies make generally called on the balance sheet Select one: a
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What are loans that finance companies make generally called on the balance sheet Select one: a. Home Mortgage Loans b. Accounts Receivables c. Accounts Payable ?? d. Gross Loans
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Option d is correct
Gross loans is the outstanding book value of loans the finance companies have made. Hence, it is classified as an asset on the balance sheet.
