"Clearly, those who stayed are going to be in the best position to purchase assets."
Again, it can be used to purchase other assets such as houses.
In August 1948, city council finally agreed to purchase the company's assets.
Since then, the banks have purchased financial assets and held them as the market improved.
From a list of 35 potential buyers, six had expressed serious interest in purchasing the company's assets.
But in the current market environment, it is unclear who would have the cash to purchase the assets.
Their policy was to purchase underperforming assets and turn them around.
Part of the excess balances will be used to purchase foreign assets.
Such expenditures can be considered a capital cost only if the asset purchased will increase revenues in the future.
Due to economic problems the railroad was sold after the war, and Morgan purchased the entire assets.