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Compute the amount and direction of the period change

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Problem - If total liabilities increased by $9,000 during a period of time and owner's equity decreased by $25,000 during the same period, then compute the amount and direction (increase or decrease) of the period's change in total assets?

a. $34,000 decrease.

b. $16,000 decrease.

c. $16,000 increase.

d. $34,000 increase.

Reference no: EM132482677

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