If the assets of a company increase by $100,000 during the year and its liabilities increase by
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If the assets of a company increase by $100,000 during the year and its liabilities increase by $35,000 during the same year, then the change in equity of the company during the year must have been a(n):
a. Increase of $135,000.
b. Decrease of $135,000.
c. Decrease of $65,000.
d. Increase of $65,000.
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