If Total Liabilities Decreased by $75,000 and Stockholders' Equity Increased

question 172

Multiple Choice

If total liabilities decreased by $75,000 and stockholders' equity increased by $15,000 during a period of time, then total assets must change by what amount and direction during that same period?

• A)$60,000 decrease
• B)$60,000 increase
• C)$75,000 increase
• D)$90,000 increase