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If total liabilities increased by $20,000 during a period of time and owner's equity increased by $5,000 during the same period, the amount and direction
If total liabilities increased by $20,000 during a period of time and owner's equity increased by $5,000 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is:a. $20,000 increase. b. $20,000 decrease. c. $25,000 increase. d. $25,000 decrease. please explain
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