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If the liabilities of a company increased by $ 7 7 , 0 0 0 during a month and the shareholders' equity decreased by $

If the liabilities of a company increased by $

77, 000

during a month and the shareholders' equity decreased by $

41, 000

during that same month, did

assets increase or decrease and by how much?

Multiple Choice

36, 000

increase

36, 000

decrease

77, 000

increase

118, 000

increase

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