CrazyJokes5915 CrazyJokes5915

23-01-2024
Business

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ABC Company borrows $2000 from Hometown Bank. It used the loaned dollar amount. What is the effect on ABC Company's account equation?

a) Assets increase; Liabilities increase
b) Assets decrease; Liabilities decrease
c) Assets increase; Liabilities decrease
d) Assets decrease; Liabilities increase

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