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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 $30,000 during the same
If the liabilities of a business increased $75,000 during a period of time and the owner's equity in the business decreased $30,000 during the same period, the assets of the business must have:
a) Increased $45,000.
b) Increased $30,000.
c) Decreased $45,000.
d) Decreased $105,000.
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