Current Attempt in Progress Ivanhoe Incorporated has acquired additional assets of $355000 on account...

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Accounting

Current Attempt in Progress
Ivanhoe Incorporated has acquired additional assets of $355000 on account during the 2025 fiscal year. Total revenues for Ivanhoe
were $808000 and expenses were $611000. Ivanhoe's board of directors decided to pay out $29700 in dividends for the 2025 fiscal
year. If no other equity transactions were made, what was the change in Ivanhoe's liabilities during 2025?
increase of $167300
increase of $197000
increase of $187700
decrease of $355000
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