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If During the Current Year,liabilities of Hayden Travel Decreased by $50,000

Question 35

Multiple Choice

If during the current year,liabilities of Hayden Travel decreased by $50,000 and owners' equity increased by $75,000,then:


A) Assets at the end of the year total $125,000.
B) Assets at the end of the year total $25,000.
C) Assets increased during the year by $25,000.
D) Assets decreased during the year by $125,000.

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