If Total Liabilities Increased by ¥30,000 and Equity Increased by ¥10,000

question 155

Multiple Choice

If total liabilities increased by ¥30,000 and equity increased by ¥10,000 during a period of time, then total assets must change by what amount and direction during that same period?

• A) \(¥ 40,000\) decrease
• B) \(¥ 740,000\) increase
• C) \(¥ 50,000\) increase
• D) \(¥ 60,000\) increase

Understand the concepts of markets, including the roles of buyers and sellers.

Grasp the definition and distinction between markets and industries.

Recognize the factors that affect market prices and competition.

Identify key factors that determine the geographic extent of markets.

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Definitions:

Eliminating Debts

The process of paying off or settling outstanding debts to reach a state of being debt-free.

Securities And Exchange Commission

A U.S. federal agency responsible for enforcing the federal securities laws and regulating the securities industry, stock and options exchanges.

Crowdfunding

A cooperative activity in which people network and pool funds and other resources via the Internet to assist a cause (such as disaster relief) or invest in a business venture (such as a startup).

Raise Capital

The process of generating funds or resources for a business or project, typically through investments, loans, or selling equity.