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

question 53

Multiple Choice

If total liabilities decreased 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) \(¥ 40,000\) increase
• B) \(¥ 720,000\) decrease
• C) \(¥ 20,000\) increase
• D) \(¥ 30,000\) decrease

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Definitions:

F Distribution

A probability distribution that arises in the analysis of variance tests, used to calculate and interpret the ratio of variances to determine statistical significance.

Null Hypothesis

A statement used in statistics that proposes there is no significant difference or effect and that any observed differences are due to chance.

Population Variance

Population Variance is a measure of the dispersion of all the values in a population from the mean, highlighting how spread out the population data points are.

Standard Deviation

Indicates how dispersed the values in a data set are, relative to the mean of the set.