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Jayce Products Buys a $500,000 Machine by Taking Out a Bank

Question 37

Multiple Choice

Jayce Products buys a $500,000 machine by taking out a bank loan.The company's assets will _____ by $500,000 while its liabilities will _?____?? by $500,000.


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

Correct Answer:

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