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If Total Liabilities Decreased by ¥30,000 and Equity Increased by ¥5,000

Question 121

Multiple Choice

If total liabilities decreased by ¥30,000 and equity increased by ¥5,000 during a period of time, then total assets must change by what amount and direction during that same period?


A) ¥25,000 decrease
B) ¥25,000 increase
C) ¥30,000 increase
D) ¥35,000 increase

Correct Answer:

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