Multiple Choice
If total liabilities increased by $9000 during a period of time and owner's equity decreased by $25000 during the same period then the amount and direction (increase or decrease) of the period's change in total assets is a(n)
A) $34000 decrease.
B) $16000 decrease.
C) $16000 increase.
D) $34000 increase.
Correct Answer:

Verified
Correct Answer:
Verified
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