If Total Liabilities Increased by $46,000 During a Period of Time

question 20

Multiple Choice

If total liabilities increased by $46,000 during a period of time and stockholders' equity decreased by $18,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is a(n)

• A) $46,000 increase.
• B) $64,000 increase.
• C) $28,000 decrease.
• D) $28,000 increase.

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Definitions:

Stress Causing Events

Incidents or situations that trigger a significant amount of stress, potentially affecting an individual's mental and physical health.

Detrimental

Causing harm or damage; having a negative effect on something or someone's well-being or status.

Personal Change

The process of evolving or transforming one's behavior, attitudes, or beliefs over time, often due to self-reflection or external influences.

Self-esteem

An individual's overall subjective evaluation of their own worth.