If Total Liabilities Increased by $30,000 and Stockholders' Equity Increased

question 6

Multiple Choice

If total liabilities increased by $30,000 and stockholders' equity increased by $20,000 during a period of time, then total assets must change by what amount and direction during that same period?

• A) $50,000 decrease
• B) $10,000 decrease
• C) $10,000 increase
• D) $50,000 increase

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Definitions:

Reciprocal Translocation

A chromosomal anomaly involving the exchange of segments between two non-homologous chromosomes.

Factor VIII Gene

A gene located on the X chromosome responsible for producing factor VIII, a critical protein for blood clotting.

Nondisjunction

A genetic anomaly during cell division where chromosomes fail to separate properly, leading to gametes with abnormal numbers of chromosomes.

XY Pair

Refers to the male sex chromosomes in humans and most other mammals where XY denotes a male genotype.