Question: Issuing a notes payable for cash immediately results in a ( n ) : Multiple Choice increase in assets and an increase in liabilities. decrease

Issuing a notes payable for cash immediately results in a(n):
Multiple Choice
increase in assets and an increase in liabilities.
decrease in assets and an increase in liabilities.
decrease in assets and a decrease in liabilities.
increase in liabilities and a decrease in stockholders' equity.
Issuing a notes payable for cash immediately results in a(n): Multiple

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