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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
.
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