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If total liabilities increased by $50,000 and equity increased by $5,000 during a period of time, then total assets must change by what amount and

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If total liabilities increased by $50,000 and equity increased by $5,000 during a period of time, then total assets must change by what amount and direction during that same period? Select one: $55,000 increase $35,000 increase $55,000 decrease $35,000 decrease

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