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If the liabilities of a business increased $13,000 during a period of time and the owner's equity in the business decreased $3,000 during the same

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If the liabilities of a business increased $13,000 during a period of time and the owner's equity in the business decreased $3,000 during the same period, the assets of the business must have: Increased $12,000. Decreased $10,000. Increased $10,000. Decreased $16,000. Increased $16,000. Incorrect. Please review Top Ten Concept # 2

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