Question
Given that total liabilities decreased by $75,000 and total owners equity increased by $90,000 during the same accounting time period, what is the net effect
Given that total liabilities decreased by $75,000 and total owners equity increased by $90,000 during the same accounting time period, what is the net effect of total assets during this period?
Group of answer choices
$15,000 increase
$15,000 decrease
$90,000 increase
$90,000 decrease
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Auditing And Assurance Theory And Practice
Authors: Clifford Gomez
1st Edition
8120345665, 978-8120345669
