If Total Liabilities Decreased by $30,000 and Stockholders' Equity Decreased

question 40

Multiple Choice

If total liabilities decreased by $30,000 and stockholders' equity decreased by $20,000 during a period of time, then total assets must change by what amount and direction
During that same period?

• A)$50,000 decrease
• B)$10,000 decrease
• C)$10,000 increase
• D)$50,000 increase

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