If the liabilities of a business increased $8,000 during a period of time and equity in thebusiness decreased $4,000 during the same period, the assets of the business must have:
A) Decreased $4,000.
B) Increased $6,000.
C) Decreased $12,000.
D) Increased $4,000.
E) Increased $12,000.
Correct Answer:
Verified
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A)And law often coincide.
B)Are very important considerations
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A)Creditors.
B)The press.
C)Customers.
D)Shareholders.
E)All
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A)Is a legal organization separate from
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A)Neutral
B)Complete
C)Free from
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A)Auditing.
B)Cost accounting.
C)Management consulting.
D)Budgeting.
E)All
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