If the assets of a company increase by $100,000 during the year and its liabilities increase by

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If the assets of a company increase by $100,000 during the year and its liabilities increase by $35,000 during the same year, then the change in equity of the company during the year must have been a(n):

a. Increase of $135,000.

b. Decrease of $135,000.

c. Decrease of $65,000.

d. Increase of $65,000.

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Financial And Managerial Accounting

ISBN: 9781260728774

9th Edition

Authors: John J. Wild

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Question Posted: Jan 11, 2024 09:02 AM

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If the assets of a company increase by $100,000 during the year and its liabilities increase by

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Financial And Managerial Accounting

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