During January, assets increased by ($ 20,000), and liabil1. ities increased by ($ 4,000). Shareholders' equity must

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During January, assets increased by $\$ 20,000$, and liabil1. ities increased by $\$ 4,000$. Shareholders' equity must have

a. increased by $\$ 16,000$.

b. increased by $\$ 24,000$.

c. decreased by $\$ 16,000$

d. decreased by $\$ 24,000$

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Financial Accounting

ISBN: 9780135433065

7th Canadian Edition

Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin

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Question Posted: May 08, 2024 09:03 AM

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During January, assets increased by ($ 20,000), and liabil1. ities increased by ($ 4,000). Shareholders' equity must

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Financial Accounting

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