Help Save & Exits Per GAAP expenses are recorded when they are Multiple Choice Realized Recognized Incurred Help Save & Purchasing Equipment for $225,000 by paying $50,000 cash and signing a Note payable for $175,000 will: Multiple Choice C) Increase total assets by $225.000 and Liabilities by $175.000 Increase total assets by $175,000 and Liabilities by $175.000 Increase total assets by $275,000, Liabilities by $175,000 and Stockholders' Equity by $100.000 Increase total assets by $275,000; and Liabilities by $275.000