When Jane Brown writes a $100 check to her nephew and he cashes the ch

When Jane Brown writes a $100 check to her nephew and he cashes the check, Ms. Brown’s bank ________ assets of $100 and ________ liabilities of $100.

A) gains; gains
B) gains; loses
C) loses; gains
D) loses; loses

 

ANSWER

D

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00