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Answer:
The total assets must change by B) $5,000 decrease
Explanation:
hi, remember that:

If liabilities decrease by $15,000 and equity increases by $10,000...


Therefore, to balance this equation, we have to substract -$5,000 from the assets, therefore, the assets decrease by 5,000, which is B)
Best of luck.
Answer: a. FIFO to LIFO, but not LIFO to FIFO
Explanation:
Well the inventory changes which would likely be accounted for is the FIFO ( first in first out system ) to LIFO ( last in first out system ). But not the LIFO ( last in first out ) to FIFO ( first in first out ). This system are mostly used in sales where for FIFO the first goods to arrive leaves first and for LIFO the opposite of FIFO
Ummmmm I will go with answer A cause at my house its always like that.