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

question 179

Multiple Choice

If total liabilities decreased by $46,000 during a period of time and stockholders' equity increased by $60,000 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a

• A) $106,000 increase
• B) $14,000 increase
• C) $14,000 decrease
• D) $106,000 decrease

---

Definitions:

Secretarial Personnel

Employees who perform administrative and clerical duties, often assisting executives and managing office operations.

Recent University Graduates

Individuals who have completed their degree or diploma courses from a university or college and have just entered the job market.

Compensation System

An organized approach implemented by businesses to pay and reward employees for their contributions to the organization.

Pension Plans

Retirement plans funded by employers or employees where regular payments are made to beneficiaries during their retirement years.