Multiple Choice
If total liabilities increased by $25 000 and equity increased by $5 000 over a period,then total assets must have changed by?
A) $30 000 increase
B) $25 000 increase
C) $20 000 increase
D) $20 000 decrease
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q20: Which of the following is an advantage
Q21: Limited liability for a company applies to:<br>A)the
Q22: Which of the following is not a
Q23: An advantage of the company form of
Q24: A partnership has which of these sets
Q26: A small neighbourhood handyman service that is
Q27: A single form used by entities registered
Q28: The profit for a partnership must be
Q29: The _ of a discretionary trust must
Q30: The full implementation of differential reporting will