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Question
If the assets of a company increase by $55,000 during the year and its liabilities increase by $25,000 during the same year, then the change in equity of the company during the year must have been:A.An increase of $80,000.
B.A decrease of $80,000.
C.An increase of $30,000.
D.A decrease of $30,000.
E.An increase of $25,000.
Answer
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Variable manufacturing overhead
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