Samson Enterprises issued a ten-year, $20 million bond with a 10% interest rate for $19,500,000. The entry to record the bond issuance would have what effect on the financial statements?
A. Increase stockholders' equity.
B. Increase assets and liabilities.
C. Increase liabilities.
D. Increase assets.
Answer: B
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Fill in the blank(s) with the appropriate word(s).
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