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  • Oct 19, 2010, 04:00 PM
    amwi33
    Help
    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
  • Oct 19, 2010, 04:51 PM
    pready

    Owner's Equity increase minus Liabilities Decrease = Net Change in Assets

    Assets = Liabilities + Owners' Equity

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