Question: Sue Shells, Incorporated pays back $200,000 on a loan it had obtained earlier from a bank. What is the effect of this transaction? Multiple Choice

Sue Shells, Incorporated pays back $200,000 on a loan it had obtained earlier from a bank. What is the effect of this transaction? Multiple Choice Assets decrease by $200,000; liabilities and stockholders' equity are both unchanged. Assets decrease by $200,000, liabilities decrease by $200,000, and stockholders' equity is unchanged. Assets decrease by $200,000 and liabilities increase by $200,000. Assets decrease by $200,000, liabilities are unchanged, and stockholders' equity decreases by $200,000

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