1. Recommendations for a bank who gave out a loan?
Sensor Circuits Company submitted its financial statements to the Bank of Gould
to get financing for their new planned production facility. Bank of Gould appro
ves and gives Sensor Circuits a $3 million dollar loan, after seeing that Sensor
's financial statements showed a substantial profit while everyone else in the i
ndustry operated at a loss. An auditing manager at Young & Brobeck, LLP head