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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Definitions:

Decision Maker

Decision Maker refers to an individual with the authority or power to make decisions that affect the outcome of a project, strategy, or enterprise.

Organizational Culture

The set of shared beliefs, values, norms, and practices that characterizes an institution or organization.

Effectiveness

Effectiveness is the degree to which an activity, process, or intervention achieves its intended goal or result, often used to evaluate performance and outcomes.

Social Culture

The patterns, behaviors, beliefs, and all other products of human work and thought as shared by a society.