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Problem regarding the change in owner equity

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Reference no: EM131074101

If total assets increased $20,000 during a period and total liabilities increased $12,000 during the same period, the amount and direction (increase or decrease) of the change in owner's equity for that period is:

A. . an $8,000 decrease

B. . an $8,000 increase

C. . a $32,000 increase

D. . a $32,000 decrease

Reference no: EM131074101

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