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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Definitions:

Speech

The ability to express thoughts and feelings through vocalized language, a fundamental aspect of human communication and interaction.

Language Development

The process by which individuals acquire the capacity to perceive, produce, and use words to understand and communicate.

Grammatical Development

The process by which individuals learn the rules and structures of language, including syntax and morphology.

Complex Constructions

Phrases or sentences that are composed of multiple clauses and components, often indicating a higher level of language proficiency or cognitive complexity.