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If Total Liabilities Increased by $75,000 and Stockholders' Equity Increased

question 195

Multiple Choice

If total liabilities increased by $75,000 and stockholders' equity increased by $25,000 during a period of time, then total assets must change by what amount and direction during that same period?


Definitions:

Semitendinosus

A muscle in the back of the thigh, part of the hamstring group.

Gastrocnemius

A large muscle located on the back portion of the lower leg, forming part of the calf, that aids in walking, running, and jumping.

Biceps Femoris

A muscle of the thigh that is part of the hamstrings, involved in knee flexion and thigh extension.

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