If Total Liabilities Increased by $22,500, Then

question 143

Multiple Choice

If total liabilities increased by $22,500, then

• A)assets must have increased by $22,500.
• B)only shareholders' equity must have increased by $22,500.
• C)assets must have increased by $22,500, or shareholders' equity must have decreased by $22,500.
• D)assets and shareholders' equity must have both decreased by $22,500.

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Definitions:

Performance Deficiencies

Situations where an individual's or organization's performance falls below an established standard or expectation.

Psychological Deficiency

A lack or shortage in psychological wellbeing, possibly related to cognitive, emotional, or social aspects of a person's life.

Need

A requirement necessary for people or organizations to achieve a desired state or outcome.

Satisfaction Deficit

A state where an individual's or group's needs, expectations, or desires are not met, leading to a sense of dissatisfaction.