Question: If total liabilities decreased by $ 2 4 , 9 8 6 during a period of time and owner's equity increased by $ 3 2

If total liabilities decreased by $24,986 during a period of time and owner's equity increased by $32,162 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a
a. $24,986 decrease
b. $24,986 increase
c. $7,176 decrease
d. $7,176 increase

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