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If Total Liabilities Decreased by $14 000 and Equity Increased

Question 50

Multiple Choice

If total liabilities decreased by $14 000 and equity increased by $6000 over a period,then total assets must have changed by?


A) $14 000 increase
B) $20 000 increase
C) $8000 decrease
D) $8000 increase

Correct Answer:

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