Borrowing money from the bank by signing a note payable would?

Question

a.	increase stockholders’ equity
b.	increase net income
c.	decrease liabilities
d.	have no effect on stockholders’ equity

Abdullah Alnawaiseh · Answer

without taking the entrest expense in consedration the correct answer would be D

Imran Adwani · Answer

The correct answer is 'd' (i.e. have no effect on stockholder's equity).

syed waseem Iqbal · Answer

Dr Cash

Cr Payables

will have no impact on stakeholders equity i.e D

Muhammad Arsalan Ansari · Answer

Option "d" is the correct answer,