Moving to another question will save this response. Question 7 If total assets increased by $5,000, then assets must have increased by $5,000, or owner's equity must have decreased by $5,000. owner's equity must have increased by $5,000. liabilities must have decreased by $5,000. liabilities must have increased by $5,000, or owner's equity must have increased by $5,000. Moving to another question will save this response. TT:8