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

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Definitions:

Client-Practitioner Contact

The interactions between a service user and their healthcare provider aimed at improving health outcomes.

Individual Counseling

A form of therapy where one receives guidance and support from a counselor on a one-on-one basis to address personal issues.

Mortality Risk

The probability or likelihood of death from all causes or a specific cause within a given time frame, often used in health and insurance contexts.

Light Smoker

An individual who smokes fewer cigarettes compared to the average smoker, often defined as smoking less than 10 cigarettes per day.