Question: If a companys total assets increased while liabilities and common stock were unchanged, then: (The answer is D, can you just explain to me why

If a companys total assets increased while liabilities and common stock were unchanged, then:

(The answer is D, can you just explain to me why the answer is that. Thank you!)

  1. The company must have purchased assets with cash
  2. No dividends were paid during the period
  3. Retained earnings were less than net income during the period
  4. Revenues were greater than expenses

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