If Total Liabilities Decreased by $4,000, Then

question 174

Multiple Choice

If total liabilities decreased by $4,000, then

• A)stockholders' equity must have decreased by $4,000.
• B)assets must have decreased by $4,000, or stockholders' equity must have increased by $4,000.
• C)assets and stockholders' equity each increased by $2,000.
• D)assets must have increased by $4,000.

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