If Total Liabilities Increased by $15,000, Then

question 29

Multiple Choice

If total liabilities increased by $15,000, then

• A)assets must have increased by $15,000.
• B)only shareholders' equity must have increased by $15,000.
• C)assets must have increased by $15,000, or shareholders' equity must have decreased by $15,000.
• D)assets and shareholders' equity must have both decreased by $15,000.

---

Definitions:

Confident Speaker

An individual who is self-assured and articulate in public speaking situations, able to effectively convey messages to an audience.

Audience Members

Individuals who actively observe, listen to, or participate in an event, show, performance, or presentation, either in person or through a digital medium.

Pitch Deck

A presentation used by entrepreneurs to give a concise overview of their business plan, often during fundraising.

Competition

The rivalry among businesses or individuals for market share, customers, or resources.