If During the Current Year,liabilities of Hayden Travel Decreased by $50,000

question 35

Multiple Choice

If during the current year,liabilities of Hayden Travel decreased by $50,000 and owners' equity increased by $75,000,then:

• A)Assets at the end of the year total $125,000.
• B)Assets at the end of the year total $25,000.
• C)Assets increased during the year by $25,000.
• D)Assets decreased during the year by $125,000.