Multiple Choice
American Co.sold $100,000 of bonds for an issue price of 98.As a result of selling these bonds,its total assets increase by:
A) $98,000 and its total liabilities increase by $98,000.
B) $100,000 and its total liabilities increase by $100,000.
C) $98,000 and its total liabilities increase by $100,000.
D) $100,000 and its total liabilities increase by $98,000.
Correct Answer:
Verified
Correct Answer:
Verified
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