Which of the following is an example of increasing both current liability and use assets?
a.
paying off car loan and investing money in retirement fund
b.
paying down mortgage and putting money in savings
c.
selling a motorcycle to pay off a debt
d.
trading in an old car for a newer car and financing the balance
Please select the best answer from the choices provided
A
B
C
D
Answers
Answered by
2
b is the answer because assets are decreasing.
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