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If total liabilities decreased by $25,000 and shareholders' equity increased by $5,000 during a period of time, then total assets must change by what amount and direction during the same time period? Multiple Choice $20,000 Increase $20,000 decrease $30,000 Increase $30,000 decrease The three basic steps of the systematic accounting process used to capture and report the financial effects of a company's activities are: Multiple Choice Picture, name, analyze. Analyze, record, summarize. O Analyze, journalize, report O Analyze, capture, report