Question: If total liabilities increased by $5,000, then assets must have increased by $5,000, or owner's equity must have decreased by $5,000. assets and owner's equity

If total liabilities increased by $5,000, then assets must have increased by $5,000, or owner's equity must have decreased by $5,000. assets and owner's equity each increased by $2,500. owner's equity must have increased by $5,000

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