If Total Liabilities Decreased by $25,000 and Stockholders' Equity Increased

question 96

Multiple Choice

If total liabilities decreased by $25,000 and stockholders' equity increased by $5,000 during a period of time,then total assets must change by what amount and direction during that same time period?

• A) $20,000 increase
• B) $20,000 decrease
• C) $30,000 increase
• D) $30,000 decrease

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