If Total Liabilities Decreased by $50,000 and Stockholders' Equity Increased

question 91

Multiple Choice

If total liabilities decreased by $50,000 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)$80,000 decrease
• B)$20,000 decrease
• C)$20,000 increase
• D)$80,000 increase

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Definitions:

Heterosexual Power

A concept pertaining to the societal dominance and privileges often associated with heterosexual individuals.

Promiscuous

Engaging in multiple sexual relationships or activities with little or no commitment or emotional connection.

Effeminate

A term often used pejoratively to describe a man displaying characteristics traditionally associated with femininity.

Gay Identity

The self-identification of a person as being homosexual, recognizing and accepting one's own sexual orientation towards the same sex.