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Your company pays back $2 million on a loan it had received earlier from a bank. How dose this affect the according equation. Assets decrease
Your company pays back $2 million on a loan it had received earlier from a bank. How dose this affect the according equation. Assets decrease by S2 million, liabilities ore unchanged. contributed Capital decreases by $2million, Assets are unchanged pastes,and shareholders equity both increase by $2 million. Assets decrease by S2 million. I ab.ht.es decrease b, $2 million. Assets are unchanged, liabilities .increase by 52 mwc
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