If the liabilities of a company increased RM75,000 during a period of time and the owner's equity in the company increased RM15,000 during the same period, the assets of the company must have: A. Decreased RM90,000 B. Increased RM60,000 C. Increased RM90,000 D. Decreased RM60,000
If the liabilities of a company increased RM75,000 during a period of time and the owner's equity in the company increased RM15,000 during the same period, the assets of the company must have: A. Decreased RM90,000 B. Increased RM60,000 C. Increased RM90,000 D. Decreased RM60,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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If the liabilities of a company increased RM75,000 during a period of time and the owner's equity in the company increased RM15,000 during the same period, the assets of the company must have: A. Decreased RM90,000 B. Increased RM60,000 C. Increased RM90,000 D. Decreased RM60,000
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