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If Total Liabilities Increased by $25 000 and Equity Increased

Question 25

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:

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