If Total Liabilities Decreased by ¥35,000 and Equity Increased by ¥10,000

question 51

Multiple Choice

If total liabilities decreased by ¥35,000 and equity increased by ¥10,000 during a period of time, then total assets must change by what amount and direction during that same period?

• A) ¥45,000 increase
• B) ¥25,000 decrease
• C) ¥25,000 increase
• D) ¥35,000 decrease

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Definitions:

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