Tandem Company borrowed $32,000 of cash from a local bank. Which of the following accurately reflects how this event affects the company's financial statements? Assets=Liab.+EquityRev.?Exp.=Net Inc.Stmt ofCash FlowsA.32,000=32,000+NA32,000?NA=32,00032,000 FAB.32,000=NA+32,000NA?NA=NA32,000 FAC.32,000=NA+32,00032,000?NA=32,00032,000 FAD.32,000=32,000+NANA?NA=NA32,000 FA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: D
Business
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