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Camden Products Buys a $600,000 Machine by Taking Out a Bank

Question 103

Multiple Choice

Camden Products buys a $600,000 machine by taking out a bank loan. The company's assets will ______ by $600,000 while its liabilities will ______ by $600,000.


A) rise; fall
B) fall; rise
C) rise; rise
D) fall; fall

Correct Answer:

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