Question: For transactions completed by Highmark, identify the effect on the accounting equation: Borrowed cash from a bank and signed a nine - month note. Select

For transactions completed by Highmark, identify the effect on the accounting
equation:
Borrowed cash from a bank and signed a nine-month note.
Select one:
a. Liabilities increase and Stockholders' Equity decrease
b. No effect on the accounting equation
c. Assets increase and Stockholders' Equity increase
d. Liabilities decrease and Assets decrease
e. Assets increase and Liabilities increase
For transactions completed by Highmark, identify the effect on the accounting

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