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Hodges, Inc $56,327 Asset $28,416 Iiabilities \begin{array} { l l } \$56,327 & \text { Asset } \\\$28,416 & \text { Iiabilities }\end{array}

Question 75

Multiple Choice

Hodges, Inc. had the following assets and liabilities as of September 30, 2013 $56,327 Asset $28,416 Iiabilities \begin{array} { l l } \$56,327 & \text { Asset } \\\$28,416 & \text { Iiabilities }\end{array} If assets increased by $3,914 and equity increased by $2,290 during October, what is the increase or decrease in liabilities of Hodges as of October 31, 2013?


A) ($1,624)
B) $1,624
C) $6,204
D) ($6,204)

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