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A compan received $75,000 cash from a bank loan that must be repaid in three years. Which of the following items would be increased by
A compan received $75,000 cash from a bank loan that must be repaid in three years.
Which of the following items would be increased by this bank loan transaction? (Check all that apply)
- Cash from Investing
- Interest Payable
- Revenue
- Notes Payable
- Current Assets
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