SUMMARY OF ACCOUNTING BASICS - Washburn University
TOPIC: Introducing Accounting. in. Business. 1. If the liabilities of a business increased $75,000 during a period of time and the equity in the business decreased. $30,000 during the same period, the assets of the business must have: A) Decreased $105,000. ... Total assets, total liabilities, and equity are unchanged. D) Both total assets and ... ................
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