Which of the following statements is NOT true?

Select one:

A.

If total assets decreased by $30000 during the period and shareholders equity decreased by $20000, liabilities decreased by $10000 for the period.

B.

If total assets decreased by $50000 during the period and shareholders equity decreased by $30000, liabilities decreased by $80000 for the period.

C.

If the total assets owned by a company were $80000 and shareholders equity totalled $35000 for the period, liabilities are $45000.

D.

If total assets increased by $45000 for the period and liabilities decreased by $20000, shareholders equity increased by $65000.