Solved

If Total Liabilities Increased by $35 000 and Equity Increased

Question 45

Multiple Choice

If total liabilities increased by $35 000 and equity increased by $15 000 over a period,then total assets must have changed by?

A) $50 000 decrease.
B) $20 000 increase.
C) $20 000 decrease.
D) $50 000 increase.

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