When a Business Borrows Money from a Bank, the Immediate

question 105

True/False

When a business borrows money from a bank, the immediate effect is an increase in total assets and a decrease in liabilities or equity.

---

Definitions:

Cocaine

A powerful and addictive stimulant drug extracted from the leaves of the coca plant.

Heroin

An opioid drug made from morphine, a natural substance taken from the seed pod of various opium poppy plants, highly addictive and illegal.

Caffeine

A stimulant chemical found in coffee, tea, and various other foods and drinks that affects the central nervous system, enhancing alertness and reducing fatigue.

Tobacco

A plant product containing nicotine which can be used in various forms, including smoking and chewing, often associated with health risks.