Janson corporation co's trial balance included the following account balances at dec 31 2013: accounts receivable- $12,000inventories- $40,000patent- $12,000investments- $30,000prepaid insurance- $6,000notes receivable, due 2016- $50,000investments consist of treasury bills that were purchased in november and mature in january. prepaid insurance is for the next two years. what amount is included in the current assets section of janson's december 31, 2013 balance sheet? a) $88,000b) $85,000c) $55,000d) $135,000

The answer would be false.

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