Multiple Choice
If the liabilities of a business increased $75,000 during a period of time and the owner's equity in the business decreased $30,000 during the same period, the assets of the business must have:
A) Decreased $105,000.
B) Decreased $45,000.
C) Increased $105,000.
D) Increased $45,000.
E) Increased $30,000.
Correct Answer:
Verified
Correct Answer:
Verified
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