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

question 115

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?


Definitions:

Nucleus

The central part of an atom containing protons and neutrons, or a membrane-enclosed organelle found in eukaryotic cells that contains the genetic material.

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of deoxyribonucleic acid (DNA).

Cell

The smallest structural and functional unit of an organism, typically microscopic and consisting of cytoplasm and a nucleus enclosed in a membrane.

44 Chromosomes

An atypical number of chromosomes in humans, which usually have 46. This condition can lead to certain genetic disorders or syndromes.

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