Question
During 2017, Bruske Companys assets decreased $50,000 and its liabilities decreased $50,000. Its owners equity therefore: ( ) did not change ( ) increased $50,000
During 2017, Bruske Companys assets decreased $50,000 and its liabilities decreased $50,000. Its owners equity therefore:
( ) did not change
( ) increased $50,000
( ) decreased $50,000
( ) decreased $100,000
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Financial Accounting Reporting Analysis And Decision Making
Authors: Shirley Carlon, Rosina Mcalpine, Chrisann Lee, Lorena Mitrione, Ngaire Kirk, Lily Wong
7th Edition
0730395294, 978-0730395294
