If Total Liabilities Increased by $8,000, Then

question 186

Multiple Choice

If total liabilities increased by $8,000, then

• A)assets must have decreased by $8,000.
• B)stockholders' equity must have increased by $8,000.
• C)assets must have increased by $8,000, or stockholders' equity must have decreased by $8,000.
• D)assets and stockholders' equity each increased by $4,000.

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