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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

  1. 0
  2. 14
asked by Angela
  1. I disagree. That 15,000 she borrowed must be repaid.

    1. 0
    posted by Ms. Sue
  2. So it is D

    1. 0
    posted by Angela
  3. Right. D

    1. 0
    posted by Ms. Sue
  4. yes it is D

    1. 0
    posted by lovebug

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