Q:

If total liabilities increased by $15,000 and owner’s equity increased by $5,000 during a period of time, then total assets must change by what amount and direction during that same period?

DEleiwa

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2022-05-10

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If total liabilities increased by $15,000 and owner’s equity increased by $5,000 during a period of time, then total assets must change by what amount and direction during that same period?

$20,000 decrease
$20,000 increase
$25,000 increase
$30,000 increase

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DEleiwa

2022-05-10

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b. $20,000 increase

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