Multiple Choice
Sue Shells,Inc.pays back $200,000 on a loan it had obtained earlier from a bank.
A) Assets decrease by $200,000;liabilities and stockholders' equity are both unchanged.
B) Assets decrease by $200,000,liabilities decrease by $200,000,and stockholders' equity is unchanged.
C) Assets decrease by $200,000 and liabilities increase by $200,000.
D) Assets decrease by $200,000,liabilities are unchanged,and stockholders' equity decreases by $200,000.
Correct Answer:
Verified
Correct Answer:
Verified
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