If Total Liabilities Decreased By $¥ 30,000$ And Equity Decreased By $¥10,000$

question 25

Multiple Choice

If total liabilities decreased by $¥ 30,000$ and equity decreased 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) \(¥ 20,000\) increase
• C) \(¥ 40,000\) decrease
• D) \(¥ 20,000\) decrease

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