Katie's Vegetarian Restaurant,with Total Assets of $100,000,borrows $20,000 from the Bank.Which
Multiple Choice
Katie's Vegetarian Restaurant,with total assets of $100,000,borrows $20,000 from the bank.Which of the following is a true statement upon borrowing the money?
A) Total assets are now $120,000.
B) Total assets are now $80,000.
C) Total assets are now $30,000.
D) Total assets are now $75,000.
Correct Answer:
Verified
Correct Answer:
Verified
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