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River
Oct 18, 2007, 07:54 PM
If total liabilities increased by $5000, then:

a. assets must have decreased by $5000

b. stockholder's equity must have increased by $50000

c. assets must have increased by $5000, or stockholders equity must have decreased by $5000

d. assets and stockholder's equity each increased by $2500

hpdrocks
Oct 3, 2008, 03:35 PM
a. Assets must have decreased by $5000