If Total Liabilities Decreased by $14,000, and Shareholders' Equity Increased

question 88

Multiple Choice

If total liabilities decreased by $14,000, and shareholders' equity increased by $6,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is a(n)

• A) $20,000 increase.
• B) $8,000 decrease.
• C) $8,000 increase.
• D) $14,000 increase.

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Definitions:

Organ Donation

The process by which an individual voluntarily offers an organ or tissue for transplantation to someone in need.

Dizygotic Twin

Twins that are formed from two separate eggs fertilized by two different sperm cells, making them genetically similar as siblings but not identical.

Chromosomes

Filamentous entities found within the nucleus of both animal and plant cells, composed of protein and a singular molecule of DNA (deoxyribonucleic acid).

X Chromosome

One of the two sex chromosomes, carried by both males (XY) and females (XX), involved in determining genetic traits and certain sex-linked conditions.