Question: Purchasing a building for $ 1 1 0 , 0 0 0 by paying cash of $ 3 5 , 0 0 0 and signing

Purchasing a building for $110,000 by paying cash of $35,000 and signing a note payable for $75,000 will
A. increase both total assets and total liabilities by $110,000.
B. increase both total assets and total liabilities by $75,000.
C. decrease both total assets and total liabilities by $35,000.
D. decrease total assets and increase total liabilities by $35,000.
Purchasing a building for $110,000 by paying cash of $35,000 and

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