题目内容

Water world Boat Shop purchased a truck for $12 000, making a down payment of $5 000 cash and signing a $7 000 note payable due in 60 days. As a result of this transaction:

A. Total assets increased by $12 000.
B. Total liabilities increased by $7 000.
C. From the viewpoint of a short-term creditor, this transaction makes the business more liquid.
D. This transaction had immediate effect on the owners' equity in the business.

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