If Total Liabilities Decreased by $134,000 During a Period of Time

question 61

Multiple Choice

If total liabilities decreased by $134,000 during a period of time and shareholders' equity increased by $103,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is a(n)

• A) $134,000 increase.
• B) $103,000 increase.
• C) $31,000 decrease.
• D) $31,000 increase.

---

Definitions:

Corporate Philanthropy

The act of a corporation donating a portion of their profits or resources to charitable causes.

Charitable Advertising

Advertising practices aimed at raising awareness and soliciting donations or support for charitable causes and organizations.

Philanthropic Marketing

Involves promotional strategies that aim to improve a company's image by supporting social causes, charities, or community events.

Corporate Philanthropy

Involves companies undertaking initiatives to promote welfare through donations and community involvement.