Question: Question 9 Hoosier Inc. borrowed $ 7 , 9 0 0 cash from the bank. What effect did this one transaction have on the accounting

Question 9
Hoosier Inc. borrowed $7,900 cash from the bank. What effect did this one transaction have on the
accounting equation?
storease and stockholders' equity decreases.
Assets increase and stockholders' equity increases.
Assets increase and liabilities increase.
Liabilities decrease and stockholders' equity increases.
Question 9 Hoosier Inc. borrowed $7,900 cash from the bank. What

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