Final answer:
The student's question pertains to a college-level Business subject, focusing on the impact of a business plan change on a bank's balance sheet, indicating a shift in assets and liabilities.
Step-by-step explanation:
The query relates to accounting and finance within the Business field, specifically how a change in a business plan can affect a bank's balance sheet. When Singleton Bank decides to alter its business strategy, the balance sheet reflects these changes. The balance sheet is a snapshot of a company's financial position, showing what the company owns (assets) and owes (liabilities). In this case, Singleton Bank's assets have shifted to include $1 million in reserves and $9 million in a loan to Hank's Auto Supply, while maintaining $10 million in deposits. Such financial information is crucial for investors, management, and regulators to understand the company's financial health and risk profile.