Harry gets $1000 in currency from his grandfather when he graduates from college.He deposits these funds into his checking account.Considering Harry's personal balance sheet, his assets:
A) Increased by $1000 when he deposited the $1000 into his checking account
B) Increased when he received the $1000 in currency from his grandfather
C) And liabilities increased by $1000 when he deposited the funds into his checking account
D) Increased by $1000 and his liabilities decreased by $1000 when he deposited the funds into his checking account
Correct Answer:
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