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A company borrowed $500,000 cash from a bank and used it to purchase $500,000 of new manufacturing equipment.Which of the following items would be increased by the bank loan and…

A company borrowed $500,000 cash from a bank and used it to purchase $500,000 of new manufacturing equipment.Which of the following items would be increased by the bank loan and…
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A company borrowed $500,000 cash from a bank and used it to purchase $500,000 of new manufacturing equipment.Which of the following items would be increased by the bank loan and equipment purchase transactions?

1) Total Liabilities
2) Cash from Financing
3) Cash from Investing
4) Equipment
5) Depreciation

asked
User Tartakynov
by
9.3k points

1 Answer

3 votes

Answer: Cash from financing

Explanation: Hope this helps

answered
User Alik Khilazhev
by
8.4k points
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