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Posted on May 19, 2024

1 ) A loan increases liabilities.TrueFalse 2 ) A loan increases cash.TrueFalse 3 ) A loan is an Asset.TrueFalse 4 ) Proceeds from a loan

1)

A loan increases liabilities.TrueFalse

2)

A loan increases cash.TrueFalse

3)

A loan is an Asset.TrueFalse

4)

Proceeds from a loan are income.TrueFalse

5)

The principal portion of a loan payment is a reduction to debt on the cash flow statement.TrueFalse

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