If total liabilities increased by $16,000 and the assets increased by $20,000 during the accounting period, what
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Question:
If total liabilities increased by $16,000 and the assets increased by $20,000 during the accounting period, what is the change in the owner's equity amount?
A) Increase of $4,000
B) Decrease of $4,000
C) Increase of $20,000
D) Decrease of $16,000
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