Mary took out a loan to buy a $30,000 boat but had $2,000 cash to put down. Which of the following is true? a. Mary decreased both assets and liabilities. b. Mary increased both assets and liabilities. c. Mary decreased assets and increased liabilities. d. Mary increased assets and decreased liabilities. Mary took out a loan to buy a $30,000 boat but had $2,000 cash to put down. Which of the following is true? a. Mary decreased both assets and liabilities. b. Mary increased both assets and liabilities. c. Mary decreased assets and increased liabilities. d. Mary increased assets and decreased liabilities.
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