If Total Liabilities Decreased by $4,000, Then

question 174

Multiple Choice

If total liabilities decreased by $4,000, then

• A)stockholders' equity must have decreased by $4,000.
• B)assets must have decreased by $4,000, or stockholders' equity must have increased by $4,000.
• C)assets and stockholders' equity each increased by $2,000.
• D)assets must have increased by $4,000.

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Definitions:

Northerners

Individuals from the northern region of a country, especially those from the Northern United States historically opposed to slavery.

Slave System

An economic and social system based on the ownership, purchase, and forced labor of human beings for the benefit of their owners.

Freed Blacks

African American individuals who were emancipated from slavery, especially during and after the Civil War in the United States.

Runaway Slaves

Enslaved people who escaped from their enslavers in an attempt to gain freedom, often facing great risks and seeking safe haven through networks like the Underground Railroad.