Business, 25.03.2020 01:46 ethanberry9960

When preparing the balance sheet, you noticed that total liabilities have decreased by
$25,000 and owner's equity has increased by $15,000 during a period of time. What is the
change in total assets during the same period?
$10,000 increase
) $40,000 increase
C) $40,000 decrease
O
D) $10,000 decrease

Answers: 1

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When preparing the balance sheet, you noticed that total liabilities have decreased by
$25,000...

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