Multiple Choice
If the liabilities of a business increased $8,000 during a period of time and equity in the business decreased $4,000 during the same period, the assets of the business must have
A) Decreased $12,000
B) Decreased $4,000
C) Increased $12,000
D) Increased $4,000
E) Increased $6,000
Correct Answer:
Verified
Correct Answer:
Verified
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