Your Company Pays Back $2 Million on a Loan It

question 42

Multiple Choice

Your company pays back $2 million on a loan it had received earlier from a bank.

• A) Assets are unchanged, liabilities and stockholders' equity both increased by $2 million.
• B) Assets decrease by $2 million, liabilities decrease by $2 million, stockholders' equity is unchanged.
• C) Assets are unchanged, liabilities increase by $2 million, contributed capital decreases by $2 million.
• D) Assets decrease by $2 million, liabilities are unchanged, contributed capital decreases by $2 million.

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Definitions:

Cell's Environment

The surrounding conditions and factors that interact with and influence a cell's function and survival.

Genes

The segments on a DNA molecule that act as hereditary blueprints for the organism’s development.

Umbilical Cord

A flexible helical structure containing blood vessels that connects the developing organism to the placenta.

Placenta

An organ made up of tissue from both the mother and the fetus that serves as a barrier and filter between their bloodstreams.