If Total Liabilities Increased by $90,000 and Stockholders' Equity Increased

question 137

Multiple Choice

If total liabilities increased by $90,000 and stockholders' equity increased by $30,000 during a period of time, then total assets must change by what amount and direction during that same period?

• A)$120,000 decrease
• B)$120,000 increase
• C)$150,000 increase
• D)$180,000 increase

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