Question: Please provide the correct answer to this general accounting problem using accurate calculations. lf during the current year, the liabilities of Mountain Path Adventures, Inc.

Please provide the correct answer to this general accounting problem using accurate calculations.

lf during the current year, the liabilities of Mountain Path Adventures, Inc. decreased by $40,000 and owners' equity increased by $60,000, then: A. Assets at the end of the year total $20,000. B. Assets decreased during the year by $100,000. C. Assets increased during the year by $20,000. D. Assets at the end of the year total $100,000

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