Question: Purchasing a building for $ 1 0 5 , 0 0 0 by paying cash of $ 1 0 , 0 0 0 and signing

Purchasing a building for $105,000 by paying cash of $10,000 and signing a note payable for $95,000 will
A. increase both total assets and total liabilities by $105,000.
B. decrease both total assets and total liabilities by $10,000.
C. increase both total assets and total liabilities by $95,000.
D. decrease total assets and increase total liabilities by $10,000.
Purchasing a building for $105,000 by paying cash of $10,000 and

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