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Other Fields Homework Help Accounting Topic started by: harra on Sep 19, 2017



Title: Purchasing a building for $150,000 by paying cash of $30,000 and obtaining a mortgage for $120,000 ...
Post by: harra on Sep 19, 2017
Purchasing a building for $150,000 by paying cash of $30,000 and obtaining a mortgage for $120,000 would:
A) increase assets and liabilities by $150,000.
B) increase liabilities by $120,000.
C) increase liabilities by $30,000.
D) decrease assets and liabilities by $120,000.


Title: Re: Purchasing a building for $150,000 by paying cash of $30,000 and obtaining a mortgage for ...
Post by: migrod on Sep 19, 2017
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