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Question: sophie buys a desk with her credit card in her...

Question details

Sophie buys a desk with her credit card.  In her balance sheet, this results in  _____________________.

 

A.

a decrease in liabilities; an increase in equity

B.

an increase in liabilities; a decrease in assets

C.

an increase in assets; an increase in liabilities

D.

a decrease in equity; an increase in assets

E.

a decrease in bank deposits; an increase in liabilities

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