If Total Assets Decreased by $88,000 During a Period of Time

question 130

Multiple Choice

If total assets decreased by $88,000 during a period of time and stockholders' equity increased by $71,000 during the same period,then the amount and direction increase or decrease of the period's change in total liabilities is

• A)$17,000 increase
• B)$88,000 decrease
• C)$159,000 increase
• D)$159,000 decrease

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Definitions:

Nanometers

A unit of length in the metric system, equal to one billionth of a meter, commonly used to measure wavelengths of light.

Decibels

A unit of measurement used to express the intensity of sound, with each ten-decibel increase representing a tenfold increase in acoustic power.

Wavelengths

The distances between successive crests of a wave, typically used in the context of electromagnetic waves, such as light and radio waves.

Place Theory

A theory in hearing that suggests the perception of pitch corresponds to the vibration of different places along the basilar membrane of the inner ear.