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:

Complicated Grief

A prolonged, intense state of mourning that impairs the individual’s ability to function in daily life.

Mourners

Individuals who are experiencing grief and sorrow due to the loss of someone close to them.

Percent

A numerical or quantitative measure often used to express a proportion out of 100.

Pathological Grief

An intense, prolonged mourning period that significantly impairs functioning and requires professional intervention.