Katie's Vegetarian Restaurant, with total assets of $90,000, borrows $15,000 from the bank. Which of the following is a true statement upon borrowing the money?
Total assets are now $105,000.
Total assets are now $80,000.
Total assets are now $15,000.
Total assets are now $75,000.
Answer- A
4 answers
I disagree. That 15,000 she borrowed must be repaid.
So it is D
Right. D
yes it is D
0 answers