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amwi33
Oct 19, 2010, 04:00 PM
If total liabilities decreased by $25,000 during a period and owner's equity increased by $30,000 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is

pready
Oct 19, 2010, 04:51 PM
Owner's Equity increase minus Liabilities Decrease = Net Change in Assets

Assets = Liabilities + Owners' Equity