Accounts payable increase by $500; revenues increase by $500. 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): b. Increase of $135,000. C. Decrease of $135,000. d. Decrease of $65,000. e. Increase of $65,000. d. a.

Accounts payable increase by $500; revenues increase by $500. a. 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): b. Increase of $135,000. c. Decrease of $135,000. d. Decrease of $65,000. e. Increase of $65,000