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If Total Liabilities Increased by $9000 During a Period of Time

question 135

Multiple Choice

If total liabilities increased by $9000 during a period of time and owner's equity decreased by $25000 during the same period then the amount and direction (increase or decrease) of the period's change in total assets is a(n)

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Definitions:

Decision-Making Skills

Abilities relating to the process of making choices by identifying, assessing, and selecting among several alternatives based on reasoning and judgment.

Self-Determination

The right or ability of individuals and communities to make their own choices and decisions, free from external compulsion.

Internet Source

An original reference, document, or item of information that is available online on the internet.

Making Judgments

The process of forming opinions, conclusions, or decisions based on the assessment of information, evidence, or circumstances.

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