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If Total Liabilities Decreased by ¥30,000 and Equity Increased by ¥5,000

question 121

Multiple Choice

If total liabilities decreased by ¥30,000 and equity increased by ¥5,000 during a period of time, then total assets must change by what amount and direction during that same period?

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Definitions:

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A Protestant religious revival during the early 19th century in the United States, which led to the formation of new denominations and increased church membership.

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A philosophical and social movement that emerged in the early 19th century, emphasizing intuition, nature, and the inherent goodness of people.

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