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. An increase of $135,000.

b. A decrease of $135,000.

c. A decrease of $65,000.

d. An increase of $65,000.

e. An increase of $100,000.

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College Accounting Ch 1-14

ISBN: 9781260904314

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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Question Posted: Mar 10, 2024 10:00 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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College Accounting Ch 1-14

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