If Total Liabilities Increased by $90,000 and Stockholders' Equity Increased

question 137

Multiple Choice

If total liabilities increased by $90,000 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)$120,000 decrease
• B)$120,000 increase
• C)$150,000 increase
• D)$180,000 increase

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Definitions:

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Normal Distribution

A symmetrical, bell-shaped frequency distribution curve where most occurrences take place near the average value and fewer occur as the distance from the mean increases.

Content Validity

The extent to which a test or measurement accurately represents all aspects of the concept it is intended to measure.

Driver's License

is an official document permitting a specific individual to operate one or more types of motorized vehicles on public roads.