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Sauron [17]
2 years ago
11

Katie’s Vegetarian Restaurant, with total assets of $90,000, borrows $15,000 from the bank. Which of the following is a true sta

tement upon borrowing the money?
A. Total assets are now $105,000.
B. Total assets are now $80,000.
C. Total assets are now $15,000.
D. Total assets are now $75,000.
Business
2 answers:
Westkost [7]2 years ago
7 0
The answer to your question is letter A. $105,000
ExtremeBDS [4]2 years ago
4 0
A.) $105,000. youre welcome


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Answer and Explanation:

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(being note payable is issued)

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We need to solve for the present value of the payment Fishermen's Corp will receive for the boat:

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\frac{40,000}{(1 + 0.08)^{2} } = PV  

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