Question
please complete part a & b .. thanks

Accumulated Depreciation Net Loans Fed Funds Purchased and Repurchase Agreements Cash and Due from Banks Trading Account Secu
You know the following information about the Jupiter State Bank: Gross Loans Miscellaneous Assets Deposits Total Equity Commo
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Answer #1

(a). Option ( D ).

Total liabilities = net loan + undivided profits + surplus + common stock

Total liabilities = $600 + $140 + $40 + $20

Total liabilities = $800

b. Option ( B )

Firm's undivided profits = gross premises - net premises

Undivided profits = $100 - $40

Undivided profits = $60

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