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Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...
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Financial Accounting ‏

 
 
 
During a reporting period, a company's assets increase by & 90,000,000. * ?Liabilities decrease by $ 70,000,000. Equity must, therefore Decrease by $ 90,000,000 O Increase by $ 160,000,000 Decrease by $ 70,00,000 Increase by $ 20,000,000 O
Transcribed Image Text:During a reporting period, a company's assets increase by & 90,000,000. * ?Liabilities decrease by $ 70,000,000. Equity must, therefore Decrease by $ 90,000,000 O Increase by $ 160,000,000 Decrease by $ 70,00,000 Increase by $ 20,000,000 O
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