Question: An organization that makes kitchenware has decided to sell off all of its linens. The cost of the linens was $15,000, and it was able

An organization that makes kitchenware has decided to sell off all of its linens. The cost of the linens was $15,000, and it was able to sell them for $25,000. This means that the company has:

a) Realized a $10,000 annual profit mark

b) Increased its inventory value by $10,000 mark

c) Increased its equity by $10,000 mark

d) Reduced its liability by $15,000

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