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9 2 points If total liabilities decreased by $25,000 and shareholders' equity increased by $5,000 during a period of time, then total assets must
9 2 points If total liabilities decreased by $25,000 and shareholders' equity increased by $5,000 during a period of time, then total assets must change by what amount and direction during the same time period? Multiple Choice 80128:28 $20,000 increase. $20,000 decrease. $30,000 increase $30,000 decrease.
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th edition
130565353X, 978-1305887510, 1305887514, 978-1305653535
