P Company borrowed $400 cash from Citizens Bank. As a result of this transaction, P Company's Choose at least one correct answer A expenses would increase by $400. liabilities would increase by $400. assets would decrease by $400. D equity would increase by $400. Question 10 If revenue exceeds expenses, there are no dividends, and total liabilities remain unchanged, then Choose at least one correct answer A Equity will decrease. Net assets will increase. Total assets will decrease. D a. and c