f the liabilities of a company increased $98,000 during a period of time and equity...
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Accounting
f the liabilities of a company increased $98,000 during a period of time and equity in the company decreased $31,000 during the same period, what was the effect on the assets?
Multiple Choice
Assets would have increased $67,000.
None of the choices are correct.
Assets would have decreased $67,000.
Assets would have decreased $31,000.
Assets would have increased $31,000.
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