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When a company repays cash that is borrowed from the bank: total liabilities remain the same. total assets remain the same. liabilities are decreased. retained
When a company repays cash that is borrowed from the bank:
total liabilities remain the same.
total assets remain the same.
liabilities are decreased.
retained earnings is decreased.
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Understanding Financial Accounting A Guide For Non-specialists
Authors: Jimmy Winfield, Mark Graham, Taryn Miller
1st Edition
0198847270, 9780198847274
