Q:

If total liabilities decreased 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 decreased 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 increase
$10,000 decrease
$10,000 increase
$15,000 decrease

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DEleiwa

2022-05-10

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b. $10,000 decrease

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