If Total Liabilities Increased by $25,000 and Shareholders' Equity Increased

question 45

Multiple Choice

If total liabilities increased by $25,000 and shareholders' equity increased by $5,000 during a period of time,then total assets must change by what amount and direction during that same period?

• A)$20,000 decrease
• B)$25,000 increase
• C)$30,000 increase
• D)$20,000 increase

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