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60 47 90 50 Question 2 of 3: What will happen to the following Balance...

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60 47 90 50 Question 2 of 3: What will happen to the following Balance Sheet when the company borrows a five year bank loan of 60? You have 2 attempts. Assets Liabilities Cash will increase to 107, and the non- Current assets: Current liabilities: current liabilities will increase to 110 Cash Accounts payable Inventory Non-current liabilities: Bank loan Current liabilities will increase to 120, and Shareholders' equity Non-current assets: the common shares will reduce to 92 Common shares Plant and equipment Retained earnings Revenues Non-current liabilities will increase to 110, Cost of sales and the common shares will reduce to 92 Expenses (15) Total liabilities and Cash will increase to 107, and the current Total assets shareholders' equity 277 liabilities will increase to 120 152 140 90 (60) 15 277 CHECK

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