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If the assets of company increase by $55,000 during the year and its liabilities increase by $25,000 during the same year, then the change in

If the assets of company increase by

$55,000

during the year and its liabilities increase by

$25,000

during the same year, then the change in equity of the company during the year must have been:\ Multiple Choice\ An increase of

$25,000

.\ A decrease of

$30,000

.\ An increase of

$80,000

.

image text in transcribed
If the assets of a company increase by $55,000 during the year and its liabilities increase by $25,000 during the same year, then the change in equity of the company during the year must have been: Multiple Choice An increase of $25,000. A decrease of $30,000. An increase of $80,000

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