If total liabilities decreased by 15000 and owners equity


If total liabilities decreased by $15,000 and owner's equity increased by $5,000 during a period of time, then total assets must change by what amount and direction during that same period?


$20,000 increase


$10,000 decrease


$15,000 decrease


$10,000 increase

 

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Accounting Basics: If total liabilities decreased by 15000 and owners equity
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