Katie’s Vegetarian Restaurant, with total assets of $90,000, borrows $15,000 from the bank. Which of the following is a true statement upon borrowing the money?
ATotal assets are now $105,000.
BTotal assets are now $80,000.
CTotal assets are now $15,000.
DTotal assets are now $75,000.
ATotal assets are now $105,000.
BTotal assets are now $80,000.
CTotal assets are now $15,000.
DTotal assets are now $75,000.