Question: Question 1 -- / 125 Other things equal, an increase in assets of $100,000 a decrease in liabilities of $45,000 will increase retained earnings by

Question 1 -- / 125 Other things equal, an increase in assets of $100,000 a decrease in liabilities of $45,000 will increase retained earnings by $55,000 assuming no transactions with owners (i.e., no contributions, nor any dividends)

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