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ACC A01V EXAM 1 ANSWERS ATTEMPT,Introduction to Accounting, Already Graded A
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A01V Introduction to Accounting Exam 1 Answers Attempt 1 (Ashworth)
Lesson 1
Question 1
5 / 5 points
Katie's Vegetarian Restaurant, with total assets of $90,000, borrows $15,000 from the bank. Which of the following is a true statement upon borrowing the money?
Question options:
Total assets are now $105,000.
Total assets are now $80,000.
Total assets are now $15,000.
Total assets are now $75,000.
Question 2
5 / 5 points
Logan's Motor Sports buys $30,000 of equipme...
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ACC A01V EXAM 1 ANSWERS ATTEMPT,Introduction to Accounting, Already Graded A
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A01V Introduction to Accounting Exam 1 Answers Attempt 1 (Ashworth) Lesson 1 Question 1 5 / 5 points Katie's Vegetarian Restaurant, with total assets of $90,000, borrows $15,000 from the bank. Which of the following is a true statement upon borrowing the money? Question options: Total assets are now $105,000. Total assets are now $80,000. Total assets are now $15,000. Total assets are now $75,000. Question 2 5 / 5 points Logan's Motor Sports buys $30,000 of equipme...
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