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If a companys total assets increased while liabilities and common stock were unchanged, then: (The answer is D, can you just explain to me why
If a companys total assets increased while liabilities and common stock were unchanged, then:
(The answer is D, can you just explain to me why the answer is that. Thank you!)
- The company must have purchased assets with cash
- No dividends were paid during the period
- Retained earnings were less than net income during the period
- Revenues were greater than expenses
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