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If total liabilities decreased by $35,000 and owner's equity increased by $10,000 during a period of time, then total assets must change by what amount
If total liabilities decreased by $35,000 and owner's equity increased by $10,000 during a period of time, then total assets must change by what amount and direction during that same period?
(a) $20,000 decrease.
(b) $20,000 increase.
(c) $25,000 decrease.
(d) $30,000 increase.
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