If total liabilities increased by ¥45,000 and equity increased by ¥10,000 during a period of time, then total assets must change by what amount and direction during that same period? O a. ¥35,000 increase O b. ¥35,000 decrease O c. ¥55,000 decrease O d. ¥55,000 increase

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
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If total liabilities increased by ¥45,000 and
equity increased by ¥10,000 during a period
of time, then total assets must change by
what amount and direction during that same
period?
O a. ¥35,000 increase
O b. ¥35,000 decrease
O c. ¥55,000 decrease
O d. ¥55,000 increase
Transcribed Image Text:Question 3 Not yet answered If total liabilities increased by ¥45,000 and equity increased by ¥10,000 during a period of time, then total assets must change by what amount and direction during that same period? O a. ¥35,000 increase O b. ¥35,000 decrease O c. ¥55,000 decrease O d. ¥55,000 increase
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