What are loans that finance companies make generally called on the balance sheet Select one: a

Finance Feb 28, 2021

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

Expert Solution

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.

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