"Financial Statements" Please respond to the following:
- From the e-Activity, examine the dollar compositions of OREO and Goodwill and Other Tangibles. Determine whether Bank of America is a strong investment based on your research. Support your position. Week 3 eActivity The Report of Condition has information about the sources and uses of funds. Go to the Federal Deposit Insurance Corporation's Website and click on the link "SDI: Tutorial". Next, watch the demo for Tutorial 4 "Prepare and view financial and demographic reports of FDIC-insured institutions" (0 m 53 s), located at https://www2.fdic.gov/sdi/. Then, following the directions from the tutorial, generate a report for Bank of America and take note of the assets and liabilities for the bank's recent year end, located at https://www.fdic.gov/. Once
- Examine the reasons why financial statements issued by banks and by nonbank financial-service providers look increasingly similar today. Determine which nonbank financial firms have balance sheets and income statements that closely resemble those of commercial banks.