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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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