Answer :
The new liability amount after borrowing $40,000 from the bank is $180,000.
To determine the new amount of liability after borrowing money from the bank, we need to add the borrowed amount to the existing liability.
Existing liability: $140,000
Borrowed amount: $40,000
New liability = Existing liability + Borrowed amount
New liability = $140,000 + $40,000
New liability = $180,000
Therefore, the new amount of liability after borrowing $40,000 from the bank is $180,000.
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