Author Question: If you co-sign a loan A) you are not responsible for future payments on the loan. Your ... (Read 45 times)

vicky · **on:** Jul 11, 2018

If you co-sign a loan

A)

you are not responsible for future payments on the loan. Your signature only indicates that you believe the borrower is credit worthy.
B)

you are only responsible for the remaining loan payments if the borrower becomes bankrupt.
C)

you are only responsible for the portion of the loan that you personally benefited from.
D)

you are financially responsible for the outstanding loan balance should the borrower stop repayments.

Question 2

An advantage of the book value of equity plus adjustments approach is:

A) that it implicitly assumes that a firm is going to be shut down.
B) it doesn't consider the firm being valued as an ongoing concern.
C) we can immediately plug in the starting point of the book value of equity without having to do any calculations.
D) All of the above.