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If Total Liabilities Increased by $9000 During a Period of Time

Question 135

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.

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