B_FIN 1013 02 / Week 5 / Test 1 An entrepreneur borrows $50.000 from the bank for his business, to be repaid in one year. What is the effect on the financial statements? a. Current assets increase and shareholder's equity increase. b. Current assets decrease and current liabilities increase. C. Current assets increase and long-term liabilities increase. d. Current assets increase and current liabilities increase