Why is it important if a sole proprietor takes out a home, Financial Accounting

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Why is it important if a sole proprietor takes out a home

Why is it important if a Sole Proprietor takes out a home equity loan and the loan is secured or unsecured by the proprietor's personal residence? To support your answer, you can assume a sole proprietor borrowed $110,000 as a home equity loan at 4% which was owed all of 2015.

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Financial Accounting: Why is it important if a sole proprietor takes out a home

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Financial Accounting: Why is it important if a sole proprietor takes out a home

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