Assuming No Other Changes Except a Decrease in Assets of $20,000

question 37

Multiple Choice

Assuming no other changes except a decrease in assets of $20,000, increase in liabilities of $10,000, and expenses of $60,000, by how much did owners' equity increase or decrease and what were revenues for the period?

• A) Owners' equity increased $30,000; revenues were $90,000
• B) Owners' equity decreased $30,000; revenues were $30,000
• C) Owners' equity increased $10,000; revenues were $70,000
• D) Owners' equity decreased $10,000; revenues were $70,000

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Definitions:

Gene

A unit of heredity that is transferred from a parent to offspring and is held to determine some characteristic of the offspring.

Replication

The process of repeating a research study or experiment to verify its results.

Gender Differences

Variations in characteristics, behaviors, and roles traditionally associated with being male or female in a given society.

Sexual Activity

Any activity that involves sexual contact or stimulation.