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