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For accounting period ending January 31, 2010 Total assets increased by $25,000, owner's equity increased by $12,000 = $13,000 increase in total liabilities. How are the financial rights of the owner increasing liabilities?

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This solution is comprised of a detailed explanation to answer how are the financial rights of the owner increasing liabilities.

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For accounting period ending January 31, 2010 Total assets increased by $25,000, owner's equity increased by $12,000 = $13,000 increase in ...

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