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A company 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 company 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 specific transaction? (check all that apply)
1 point
Total Assets
Interest Payable
Total Liabilities
Cash from Financing
Interest Expense
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