During September 2022, Blowing Rock Diner's Total Liabilities Decreased by $75,000

question 88

Multiple Choice

During September 2022, Blowing Rock Diner's total liabilities decreased by $75,000 and its stockholders' equity increased by $15,000.The company's total assets must change by what amount and in what direction during that same period?

• A)$60,000 decrease
• B)$60,000 increase
• C)$75,000 increase
• D)$90,000 increase

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