With respect to Sally's personal financial situation, select the most accurate response: While her notional...
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Accounting
With respect to Sally's personal financial situation, select the most accurate response: While her notional net worth appears sufficiently high to support exposure, there may be tax implications to drawing down a registered savings account, reducing the available amount. Sally does not have enough outside assets to cover the proposed total loan exposure. Sally's shareholder loans to the company shouldn't factor in to a discussion about her personal financial situation. Home equity is by far the best, most liquid outside asset available to draw upon for additional funds, if the business requires
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