A bank owns a 10-story office building.In the bank's balance sheet, this would be an example of:

Name: A bank owns a 10-story office building.In the bank's balance sheet, this would be an example of:
Brand: Quizplus
Rating: 4.7 (63 reviews)

Question

Quizplus · Accepted Answer

The office building is owned by the bank and has value, so it is an asset. Liabilities are debts owed by the bank, while stock shares and chequable deposits are financial instruments that represent ownership or deposits respectively.

A Bank Owns a 10-Story Office Building