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Business, 23.03.2020 23:03 bryneosburn

If total assets decreased by $47,000 during a period of time and owner's equity increased by $24,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is:

a. $23,000 increase
b. $47,000 decrease
c. $71,000 decrease
d. $71,000 increase

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If total assets decreased by $47,000 during a period of time and owner's equity increased by $24,000...
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