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Tandem Company borrowed $32,000 of cash from a local bank. Which of the following choices...

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Question

Accounting

Tandem Company borrowed $32,000 of cash from a local bank. Which of the following choices accurately reflects how this event affects the accounting equation?
Assets = Liabilities + Common Stock + Retained Earnings
A.=32,000++32,000
B.32,000=+32,000+
C.32,000=++32,000
D.32,000=32,000++
Multiple Choice
Option D
Option A
Option C
Option B

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