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ND Bank is considering a loan to Larson Company, owned 100% by Lori Larson. Along...

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Finance

ND Bank is considering a loan to Larson Company, owned 100% by Lori Larson. Along with this request, Lori reports that she provides a guaranty for a $500,000 loan with another bank for a business that she owns with her siblings. This additional $500,000 loan would be listed by Ms. Larson as a(n) _________ liability.

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