Kal's Vegan Restaurant, with Total Assets of $80,000, Borrows $25,000

question 7

Multiple Choice

Kal's Vegan Restaurant, with total assets of $80,000, borrows $25,000 from the bank. Which of the following is a TRUE statement upon borrowing the money?

• A) Total assets are now $105,000.
• B) Total assets are now $80,000.
• C) Total assets are now $25,000.
• D) Total assets are now $55,000.

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Definitions:

Evolutionary Argument

A rationale derived from evolutionary biology, suggesting that certain traits or behaviors have developed over time due to the advantages they provided for survival and reproduction.

Cultural Organization

An entity that works to promote, preserve, research, or manage the cultural heritage, customs, or entertainment of a specific group or society.

Social Capital

The networks, relationships, and norms that facilitate collective action and cooperation among groups and communities, contributing to societal and economic benefits.

Social Organization

Is the orderly arrangement of social interaction.