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

question 84

Multiple Choice

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

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

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Definitions:

Popliteal Artery

The artery located behind the knee that supplies blood to the lower leg muscles and knee joint.

Posterior Tibial Artery

A major artery of the lower leg that supplies oxygenated blood to the posterior compartment of the leg and plantar surface of the foot.

Pulmonary Trunk

The major vessel that carries blood from the heart to the lungs for oxygenation.

Right Ventricle

The chamber within the heart that is responsible for pumping oxygen-depleted blood to the lungs.