If Total Liabilities Decreased by $30,000 and Stockholders' Equity Increased

question 74

Multiple Choice

If total liabilities decreased by $30,000 and stockholders' equity increased by $20,000 during a period of time, then total assets must change by what amount and direction during that same period?

• A) $50,000 decrease
• B) $10,000 decrease
• C) $10,000 increase
• D) $50,000 increase

---

Definitions:

Mania

A mental state characterized by extremely elevated mood, energy, unusual thought patterns, and sometimes psychosis.

Delusional Schemes

Intricate beliefs or plans based on false judgments or interpretations, typically seen in psychiatric conditions.

Speak Rapidly

The act of talking quickly, which can be a symptom of nervousness, excitement, or conditions like mania.

Flight of Ideas

A rapid and continuous shifting of ideas and thoughts, often seen in manic episodes of bipolar disorder.