Li Company Had a Transaction That Caused a $90,000 Increase

Multiple Choice

Li Company had a transaction that caused a $90,000 increase in both assets and liabilities. This transaction could have been a(n) :

A) Purchase of office equipment for $132,000, paying $42,000 cash and issuing a note payable for the balance
B) Investment of $90,000 cash in the business by the stockholders
C) Purchase of office equipment for $90,000 cash
D) Repayment of a $90,000 bank loan