Solved

If Liabilities Increase £3,000 During a Given Period and Owner's

Question 23

Multiple Choice

If liabilities increase £3,000 during a given period and owner's equity decreases £1,000 during the same period,the assets must have:

A) Increased by £3,000
B) Increased by £2,000
C) Decreased by £3,000
D) Decreased by £2,000

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