If Total Liabilities Increased by $14,000 During a Period of Time

question 211

Multiple Choice

If total liabilities increased by $14,000 during a period of time and owner's equity decreased by $6,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is a(n)

• A) $14,000 increase.
• B) $20,000 increase.
• C) $8,000 decrease.
• D) $8,000 increase.

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