If the liabilities of a business increased $75,000 during a period of time and the owner's equity in the business decreased $30,000 during the same period, the assets of the business must have:
a. Decreased $105,000.
b. Decreased $45,000.
c. Increased $30,000.
d. Increased $45,000.
e. Increased $105,000.
Answer: D
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.