If Total Liabilities Decreased by $105,000 and Stockholders' Equity Decreased

question 80

Multiple Choice

If total liabilities decreased by $105,000 and stockholders' equity decreased by $35,000 during a period of time, then total assets must change by what amount and direction during that same period?

• A)$140,000 increase
• B)$70,000 decrease.
• C)$140,000 decrease.
• D)$70,000 decrease

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Definitions:

Reduced Value Risks

Potential threats that can decrease the value of an asset, project, or investment, making them less profitable or beneficial.

Employee Morale Risks

Potential threats to the overall confidence, enthusiasm, and satisfaction of employees within a workplace.

Security Risks

Potential threats that could compromise the safety and integrity of a company's data, systems, or networks.

Infrequent

Not occurring often; rare or uncommon.