If the Liabilities of a Business Increased $75,000 During a Period

question 25

Multiple Choice

If the liabilities of a business increased $75,000 during a period of time and the stockholders' equity in the business decreased $30,000 during the same period,the assets of the business must have:

• A)Decreased $105,000.
• B)Decreased $45,000.
• C)Increased $30,000.
• D)Increased $45,000.
• E)Increased $105,000.

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Definitions:

Nature

The inherent qualities or characteristics of a person or thing; also refers to the physical world and its biological processes.

Interests

The stakes or investments that individuals or groups have in a particular issue, outcome, or situation.

Personal Intervention

Direct and personal involvement in attempting to alter a situation or outcome.

Morphogenesis

The biological process that causes an organism to develop its shape and structure.