Solved

If Total Liabilities Increased by $15 000 and Equity Decreased

Question 31

Multiple Choice

If total liabilities increased by $15 000 and equity decreased by $10 000 over a period,then total assets must have changed by?

A) $15 000 increase.
B) $25 000 increase.
C) $5 000 decrease.
D) $5 000 increase.

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