=+4. If total assets increased $20,000 during a period and total liabilities increased $12,000 during the same

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=+4. If total assets increased $20,000 during a period and total liabilities increased $12,000 during the same period, the amount and direction (increase or decrease) of the change in owner’s equity for that period is a(n):

A. $32,000 increase. C. $8,000 increase.

B. $32,000 decrease. D. $8,000 decrease.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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Question Posted: Sep 20, 2024 12:01 AM

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=+4. If total assets increased $20,000 during a period and total liabilities increased $12,000 during the same

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Accounting

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