If Carnival Corporation borrows $250 million, assets in the form of cash increase $250 million and liabilities in the form of a note payable increase $250 million. If the company uses the money to buy a ship, assets in the form of ships increase $250 million and assets in the form of cash decrease $250 million.
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2. Cash
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250,000,000
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Notes Payable
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250,000,000
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Ships
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250,000,000
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Cash
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250,000,000
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