If total assets decreased by $48,589 during a period of time and stockholders' equity increased...
80.2K
Verified Solution
Link Copied!
Question
Accounting
If total assets decreased by $48,589 during a period of time and stockholders' equity increased by $28,624 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is
a. $21,799 increase
b. $48,589 decrease
c. $77,213 increase
d. $77,213 decrease
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
