If Total Liabilities Increased by $9000 During a Period of Time

question 135

Multiple Choice

If total liabilities increased by $9000 during a period of time and owner's equity decreased by $25000 during the same period then the amount and direction (increase or decrease) of the period's change in total assets is a(n)

• A) $34000 decrease.
• B) $16000 decrease.
• C) $16000 increase.
• D) $34000 increase.

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Definitions:

Ethical Blind Spots

Phenomena where individuals or organizations overlook ethical issues or moral consequences of decisions due to cognitive biases.

Underpaid

A condition in which an individual receives compensation less than what is considered fair or adequate for the work performed, based on industry standards or job requirements.

Unethically

Acting in a manner that goes against moral principles or established standards of conduct.

Ethical

Pertaining to moral principles or values that govern an individual's or group's behavior.