A company purchases a new 10 million dollar building, Financial Management

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A company purchases a new 10 million dollar building

A Company purchases a new $10 million dollar building, financed half with cash and half with a bank loan. How would this transaction affect the company’s Balance Sheet?

a. Net Plant and Equipment rises $10 million; cash falls $10 million; bank debt rises $5 million

b. Net Plant and Equipment rises $5 million; cash falls $10 million; bank debt rises $5 million

c. Net Plant and Equipment rises $5 million; cash falls $5 million; bank debt rises $5 million

d. Net Plant and Equipment rises $10 million; cash falls $5 million; bank debt rises $5 million

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Financial Management: A company purchases a new 10 million dollar building

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