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Choose the correct answer in the following statements about financial and real assets. Required: a. Toyota takes out a bank loan to finance the construction

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Choose the correct answer in the following statements about financial and real assets. Required: a. Toyota takes out a bank loan to finance the construction of a new factory. Toyota asset-the factory. The loan is a asset that is in the transaction. b. Toyota pays off its loan. When the loan is repaid, the asset is but the asset continues to exist. c. Toyota uses $10 million of cash on hand to purchase additional inventory of spare auto parts. The cash is a asset that is traded in exchange for a asset, inventory

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