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:

Excessive Fear

Excessive Fear is an overly intense and often irrational reaction to a perceived threat, which can interfere with normal functioning and lead to anxiety disorders.

Medical Basis

This phrase suggests an underlying biological or health-related reason for a condition or phenomenon.

Obsessive-Compulsive Disorder

Obsessive-Compulsive Disorder (OCD) is a mental health disorder characterized by recurrent, unwanted thoughts (obsessions) and/or repetitive behaviors (compulsions) that the person feels driven to perform.

Repetitive Rituals

Behaviors performed in a set, rigid, and repetitive manner, often with the belief that they must be done in a specific way to prevent negative outcomes.