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With Respect to the Balance Sheet, an Increase in Equity

Question 7

Multiple Choice

With respect to the balance sheet, an increase in equity of $2,000 with an increase in net income to $2,500, leads us to believe:

A) The firm paid a dividend of $500
B) The firm plowed $500 back into the company
C) $500 went into retained earning
D) Debt increased by $2,000

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