Multiple Choice
If total liabilities decreased by $25,000 and shareholders' equity increased by $5,000 during a period of time,then total assets must change by what amount and direction during the same time period?
A) $20,000 increase.
B) $20,000 decrease.
C) $30,000 increase.
D) $30,000 decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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