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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)
Interest Payable
Total Liabilities
Total Assets
Cash from Financing
Interest Expense
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