Multiple Choice
If total liabilities increased by $22,500, then
A) assets must have increased by $22,500.
B) only shareholders' equity must have increased by $22,500.
C) assets must have increased by $22,500, or shareholders' equity must have decreased by $22,500.
D) assets and shareholders' equity must have both decreased by $22,500.
Correct Answer:
Verified
Correct Answer:
Verified
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