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Sand 5th Avenue borrows $350 million from Trust Bank
Sand 5th Avenue borrows $350 million from Trust Bank. It invests $250 million in a new generator and uses the rest, $100 million, to invest in high-yield Certificate of Deposit. What is the impact of this transaction on Sand's balance sheet?
A.Assets increase by $250 million
B.Shareholder equity increases by $100 million
C.Net income increases by $100 million
D.Liabilities increase by $350 million
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