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If the liabilities of a business increased $75,000 during a period of time and the owner's equity in the business decreased $30,000during the same period,
If the liabilities of a business increased $75,000 during a period of time and the owner's equity in the business decreased $30,000during the same period, the assets of the business must have:Multiple ChoiceOIncreased $105,000.OIncreased $45,000.OIncreased $30,000.
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Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian Edition volume 2
013269008X, 978-0133122855, 133122859, 978-0132690089
