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

question 153

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

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Definitions:

Action Potentials

Rapid changes in the electrical charge of a neuron's membrane, allowing the transmission of nerve signals.

Hair Cells

Sensory cells found in the inner ear that convert sound waves into electrical signals that can be interpreted by the brain.

Bulbar Conjunctiva

A membrane covering the white part of the eyeball (sclera) and lines the inner surfaces of the eyelids.

Anterior Sclera

The front part of the sclera, the white, opaque outer protective covering of the eyeball.