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    amwi33's Avatar
    amwi33 Posts: 1, Reputation: 1
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    #1

    Oct 19, 2010, 04:00 PM
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    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
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    pready Posts: 3,197, Reputation: 207
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    #2

    Oct 19, 2010, 04:51 PM

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

    Assets = Liabilities + Owners' Equity

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