If the Assets of a Company Increase by $55,000 During

question 78

Multiple Choice

If the assets of a company increase by $55,000 during the year and its liabilities increase by $25,000 during the same year,then the change in equity of the company during the year must have been:

• A)An increase of $80,000.
• B)A decrease of $80,000.
• C)An increase of $30,000.
• D)A decrease of $30,000.
• E)An increase of $25,000.

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Definitions:

Suicide Rate

The number of suicide deaths in a given population over a specified period, often expressed per 100,000 individuals.

Elderly

Persons of advanced age, often defined as being 65 years or older, who may experience unique health, social, and economic challenges.

Geronticide

The act or practice of killing the elderly or allowing them to die by withholding necessary care.

Genocide

The deliberate and systematic extermination of a national, racial, political, or cultural group.