If the Liabilities of a Business Increased $75,000 During a Period

question 71

Multiple Choice

If the liabilities of a business increased $75,000 during a period of time and the owner's equity in the business decreased $30,000 during the same period, the assets of the business must have:

• A) Decreased $105,000.
• B) Decreased $45,000.
• C) Increased $30,000.
• D) Increased $45,000.
• E) Increased $105,000.

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Definitions:

Pangs of Grief

Intense emotional suffering or distress experienced as a result of loss, especially of a loved one.

Bereavement

The state of sorrow over the death or departure of a loved one, characterized by a range of emotional responses.

Posttraumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Mental Health

A state of well-being in which an individual realizes their own abilities, can cope with the normal stresses of life, can work productively, and can make a contribution to their community.