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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