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If during the year total assets increase by $79,000 and total liabilities decrease by $18,000, by how much did owner's equity increase/decrease? Multiple Choice

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If during the year total assets increase by $79,000 and total liabilities decrease by $18,000, by how much did owner's equity increase/decrease? Multiple Choice $97,000 increase $61,000 decrease $97,000 decrease $79,000 increase

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