If Total Liabilities Increased by $35 000 and Equity Increased

question 45

Multiple Choice

If total liabilities increased by $35 000 and equity increased by $15 000 over a period,then total assets must have changed by?

• A) $50 000 decrease.
• B) $20 000 increase.
• C) $20 000 decrease.
• D) $50 000 increase.

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