If Total Liabilities Decreased by $45,000 During a Period of Time

question 109

Multiple Choice

If total liabilities decreased by $45,000 during a period of time and shareholders' equity increased by $27,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is a(n)

• A)$45,000 increase.
• B)$27,000 increase.
• C)$18,000 decrease.
• D)$18,000 increase.

Acknowledge the influence of cognitive psychology research on understanding memory processes.

Understand the concept of intersectionality theory and its application to socioeconomic position, race, and gender.

Identify the relationship between population health and healthcare resources, including the number of doctors.

Analyze the impact of social rank and prestige on individuals' health beyond access to medical resources.

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Definitions:

Tax Consequence

The tax impact of any transaction, investment, or decision, influencing how much tax an individual or entity may owe or save.

Employer Contributions

Employer contributions refer to the amounts added by an employer to an employee's benefits or retirement savings accounts, such as a 401(k) plan, often matching the employee's contributions up to a certain percentage.

Tax-Deferred Plans

Investment accounts, such as IRAs or 401(k)s, where contributions may reduce taxable income in the year made, with taxes paid later upon withdrawal.

Accumulation Period

The phase in some investment vehicles, such as annuities, during which an investor builds up their investment value through payments or investment returns.