If Total Liabilities Increased by $69,000 During a Period of Time

question 46

Multiple Choice

If total liabilities increased by $69,000 during a period of time and stockholders' equity decreased by $27,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is a(n)

• A)$69,000 increase.
• B)$96,000 increase.
• C)$42,000 decrease.
• D)$42,000 increase.

---

Definitions:

Predictable

Predictable refers to the quality of being expected or foreseen based on patterns, behaviors, or known information.

Cope

To manage or deal with challenges or distress in an effective way, often involving problem-solving or emotional adjustment.

Avoidance-avoidance Conflict

A psychological conflict that occurs when an individual must choose between two equally unattractive options.

Turkey Sandwich

A sandwich typically made with slices of turkey among other ingredients such as lettuce, tomato, and mayonnaise, often served on bread.