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Explanation to this please During January, assets increased by $20,000 and liabilities increased by $4,000. Shareholders' equity must have A. increased by $16,000. B. increased

image text in transcribedExplanation to this please

During January, assets increased by $20,000 and liabilities 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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