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If total liabilities increased by $5,000, then: MP assets must have decreased by $5,000. owner's equity must have increased by $5,000. assets must have increased
If total liabilities increased by $5,000, then: MP
assets must have decreased by $5,000.
owner's equity must have increased by $5,000.
assets must have increased by $5,000.
assets and owner's equity each increased by $2,500.
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