What would happen to the balance sheet when the company repays the bank that had lent money

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What would happen to the balance sheet when the company repays the bank that had lent money to the company Question 3 options:

Assets: Increase, Liabilities: Decrease, Equity:

No Effect Assets: Decrease, Liabilities: Decrease,

Equity: No Effect Assets: Decrease, Liabilities: Decrease, Equity:

Decrease Assets: Increase, Liabilities: Decrease, Equity: Increase

Related Book For answer-question

Management And Organisational Behaviour

ISBN: 9780273688761

7th Edition

Authors: Laurie Mullins

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Posted Date: Feb 09, 2024 01:35 AM

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What would happen to the balance sheet when the company repays the bank that had lent money

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