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If total liabilities increased by $75,000 and stockholders equity increased by $25,000 during a period of time, then total assets must change by what amount
If total liabilities increased by $75,000 and stockholders equity increased by $25,000 during a period of time, then total assets must change by what amount and direction during that same period?
a. $100,000 decrease
b. $100,000 increase
c. $125,000 increase
d. $150,000 increase
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