If Total Liabilities Increased by ¥21,000 During a Period of Time

question 7

Multiple Choice

If total liabilities increased by ¥21,000 during a period of time and equity decreased by ¥9,000 during the same period, then the amount and direction of the period's change in total assets is a(n)

• A)¥21,000 increase.
• B)¥30,000 increase.
• C)¥12,000 decrease.
• D)¥12,000 increase.

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Definitions:

Boycott

A protest in which people refuse to buy, use, or participate in something as a way of expressing disapproval or forcing change.

Montesquieu

A French philosopher known for his articulation of the theory of separation of powers, which is implemented in many constitutions around the world.

Tyranny

A form of government in which a single ruler holds absolute power and often governs without regard for justice or the rights of citizens.

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Relating to the politics of France, known for its semi-presidential system, bicameral legislature, and a history of both monarchy and republicanism.