If Total Assets Decrease, Then Which of the Following Statements

question 190

Multiple Choice

If total assets decrease, then which of the following statements is true?

• A) Liabilities must increase and retained earnings must decrease.
• B) Common stock must decrease and retained earnings must increase.
• C) Liabilities, common stock, or retained earnings must decrease.
• D) Liabilities, common stock, or retained earnings must increase.

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