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If the Assets of a Business Increased $9,000 During a Period

Question 22

Multiple Choice

If the assets of a business increased $9,000 during a period of time and its liabilities increased $5,000 during the same period, equity in the business must have


A) Increased $14,000
B) Decreased $14,000
C) Increased $4,000
D) Decreased $4,00
E) Decreased $6,000.

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