Greg Financial Services invested $15,000 to acquire 3,750 shares of Mitt Investments on March 15, 2012. This investment represents less than 20% of the investee's voting stock. On May 7, 2016, Greg Financial Services sells 1,750 shares for $12,250. In the balance sheet at May 7, 2016:
A) total assets will remain unchanged.
B) total assets will decrease.
C) total liabilities will decrease.
D) total equity will increase.
Correct Answer:
Verified
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