A Table of Contents That Allows Lenders to Navigate a Business

question 126

True/False

A table of contents that allows lenders to navigate a business plan easily is an important element of any business plan.

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Definitions:

Owner's Equity

The residual interest in the assets of a business after all liabilities have been deducted, often referred to as net assets or shareholder equity.

Assets

Resources owned by a business with future economic benefits.

Investments

The balance sheet caption used to report long-term investments in stocks not intended as a source of cash in the normal operations of the business.

Cash

Money in the form of currency or coins, readily available for transactions.