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On November 1, 2024, a company signed a $100,000,6%, six-month note payable with the amount borrowed plus accrued interest due six months tater on May

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On November 1, 2024, a company signed a $100,000,6%, six-month note payable with the amount borrowed plus accrued interest due six months tater on May 1, 2025. What effect does receiving cash and signing a note have on the financial statements? Multiple Choice Assets increase and stockholders' equity increases. Assets increase and liabilities increase. Assets increase and expenses increase. Assets increose and stockholders' equity decreases

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