Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 50

Refer to this chapter's opening feature about Apple. Assume that the owners, sometime during their first five years of business, desire to expand their computer product services to meet people's demands regarding technical support. They eventually decide to meet with their banker to discuss a loan to allow Apple to expand and offer computing services.
Required
1. Prepare a half-page report outlining the information you would request from the owners if you were the loan officer.
2. Indicate whether the information you request and your loan decision are affected by the form of business organization for Apple.
Reference: Opening feature about Apple