If Total Liabilities Increased by ¥30,000 and Equity Increased by ¥10,000

question 136

Multiple Choice

If total liabilities increased by ¥30,000 and equity increased 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 decrease
• B)¥40,000 increase
• C)¥50,000 increase
• D)¥60,000 increase

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Definitions:

Ought Self

A component of self-discrepancy theory referring to the representation of the attributes someone believes they should possess, often influenced by societal expectations.

Actual Self

Represents one's perception of who they are at the present moment, encompassing current attributes and qualities.

Anxiety

Anxiety is a psychological state characterized by feelings of tension, worried thoughts, and physical changes like increased blood pressure.

Procedural Self

An aspect of self-concept based on patterns of behavior that are integrated into a coherent self-identity through repeated actions and experiences.