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f the liabilities of a company increased $90,000 during a period of time and equity in the company decreased $27,000 during the same period, what
f the liabilities of a company increased $90,000 during a period of time and equity in the company decreased $27,000 during the same period, what was the effect on the assets?
Multiple Choice
- Assets would have increased $63,000.
- Assets would have decreased $63,000.
- Assets would have increased $27,000.
- Assets would have decreased $27,000.
- None of the choices are correct.
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