If the liabilities of a business increased $97,000 during a period of time and the stockholders' equity in the business decreased $41,000 during the same period, the assets of the business must have:
A. Decreased $138,000.
B. Increased $138,000.
C. Increased $56,000.
D. Decreased $56,000.
E. Increased $41,000.
Answer: C
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