If Total Liabilities Increased by $5,000, Then

question 2

Multiple Choice

If total liabilities increased by $5,000, then

• A) assets must have decreased by $5,000.
• B) owner's equity must have increased by $5,000.
• C) assets must have increased by $5,000, or owner's equity must have decreased by $5,000.
• D) assets and owner's equity each increased by $2,500.

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Definitions:

Maximum Length

The greatest extent measured from end to end of an object, material, or entity.

3,000 Rpm

Refers to an engine speed of 3,000 revolutions per minute, often used to measure engine or machinery performance.

Trunnion Seals

Seals used in the trunnion bearings of a vehicle to prevent the ingress of contaminants and retain lubrication for durability.

Rosebud

A type of torch tip used in welding and cutting applications, named for its rose petal-like flame pattern, commonly used for heating.