If Total Liabilities Decreased by $90,000 and Stockholders' Equity Increased

question 164

Multiple Choice

If total liabilities decreased by $90,000 and stockholders' equity increased by $30,000 during a period of time, then total assets must change by what amount and direction during that same period?

• A)$120,000 increase
• B)$60,000 decrease
• C)$60,000 increase
• D)$90,000 decrease

---

Definitions:

Thiamine

A water-soluble B-vitamin (B1) essential for carbohydrate metabolism and neural function.

Abstinence Violation Effect

A psychological phenomenon where an individual who breaks their commitment to abstain feels an increased sense of failure and loss of control.

Relapse Prevention

A strategic approach in therapy aimed at identifying and preventing the recurrence of symptoms in individuals recovering from mental disorders or substance abuse.

Behavioral Couples Therapy

A form of therapy focused on improving interpersonal relationships through the modification of behaviors affecting the relationship.