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Sayan,IncSold $200,000 of Bonds for an Issue Price of 97

Question 89

Multiple Choice

Sayan,Inc.sold $200,000 of bonds for an issue price of 97.As a result of selling these bonds,its total assets increase by:


A) $194,000 and its total liabilities increase by $194,000.
B) $200,000 and its total liabilities increase by $200,000.
C) $194,000 and its total liabilities increase by $200,000.
D) $200,000 and its total liabilities increase by $194,000.

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