When a business purchases a $50,000 computer system by writing a check, the business's balance sheet will:
A) Only show an increase in liabilities of $50,000
B) Show an increase in assets and liabilities for $50,000
C) Not reflect any increase in assets or liabilities, only a change in the composition of assets
D) Only show an increase in assets of $50,000
Correct Answer:
Verified
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A)Equal to the total amount
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A)M1
B)M2
C)High-powered
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A)The monetary base is larger
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