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Business, 14.04.2020 22:37 tae8002001

Gus takes his $15 in lemonade stand earnings and deposits it into his savings account. Meanwhile, Gus’s dad borrows $20,000 to buy a new family car. Gus’s $15 represents a(n) for the bank, while his dad’s $20,000 loan represents a(n) for the bank.
a) asset; asset
b) liability; liability
c) asset; liability
d) liability; asset

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Gus takes his $15 in lemonade stand earnings and deposits it into his savings account. Meanwhile, Gu...

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