On january 1, 2018, abc company acquired all of the common stock of xyz company for its underlying book value of $500,000. abc accounts for its investment in xyz using the equity method. information about the two companies as of the date of combination and for the years 2018 and 2019 is as follows. the entry to eliminate abc’s intercorporate ownership claim and xyz’s stockholders’ equity accounts as of the beginning of the period would include:

Where are the options?

The answer would be false.

The right of freedom of speech possibly.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan