If Total Liabilities Decreased by $50,000 and Stockholders' Equity Increased

question 115

Multiple Choice

If total liabilities decreased by $50,000 and stockholders' equity increased by $30,000 during a period of time, then total assets must change by what amount and direction during that same period?

• A) $80,000 decrease
• B) $20,000 decrease
• C) $20,000 increase
• D) $80,000 increase

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Definitions:

Restricting Type

A subtype of anorexia nervosa where weight loss is achieved primarily through dieting, fasting, or excessive exercise, without regular binge-eating or purging behavior.

Binge/Purge Type

Describes a behavior pattern in eating disorders characterized by episodes of excessive eating followed by efforts to avoid weight gain through purgative methods.

Eating Disorders

Mental disorders defined by abnormal eating habits that negatively affect a person’s physical or mental health.

Body Dissatisfaction

A negative perception of one's own body image, often involving a discrepancy between one’s actual physical appearance and the ideal body image one wishes to achieve.