Question: 8. If total liabilities decrease by $50,000 and total equity increased by $20,000 during a period of time, then total assets must a. Decrease by

8. If total liabilities decrease by $50,000 and total equity increased by $20,000 during a period of time, then total assets must a. Decrease by $30,000. b. Increase by $30,000. c. Increase by $70,000. d. Decrease by $70,000

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