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Actually do the question and explain it. Please do not copy other Chegg question. At maturity date, a borrower repays in full the principal of
Actually do the question and explain it. Please do not copy other Chegg question.
At maturity date, a borrower repays in full the principal of a \\( \\$ 2,000 \\) loan and pays \\( \\$ 150 \\) interest. Which of the following statements is NOT correct? A. Their assets decrease by \\( \\$ 2,150 \\). B. Their bank deposits decrease by \\( \\$ 2,150 \\). C. Their debt decreases by \\( \\$ 2,150 \\). D. Their equity decreases by \\( \\$ 150 \\). E. Their balance sheet shrinksStep by Step Solution
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