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If during the current year, liabilities of hayden travel decreased by $50,000 and owners' equity increased by $75,000, then:
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Aug 23, 2019
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If during the current year, liabilities of hayden travel decreased by $50,000 and owners' equity increased by $75,000, then:
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The answer is
"then
assets increased during the year by $25,000".
liabilities of Hayden travel decreased by = $50,000
owners' equity increased by = $75,000
assets increased during the year =
$75,000 - $50,000
= $25,000
Kevin Guto
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Aug 28, 2019
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