If Total Liabilities Decreased by $46,000 During a Period of Time

question 8

Multiple Choice

If total liabilities decreased by $46,000 during a period of time and stockholder's equity increased by $60,000 during the same period,the amount and direction increase or decrease of the period's change in total assets is

• A)$106,000 increase
• B)$14,000 increase
• C)$14,000 decrease
• D)$106,000 decrease

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Definitions:

Mary Ainsworth

A developmental psychologist known for her work in early emotional attachment with the "Strange Situation" assessment.

Attachment

An emotional bond that forms between individuals, such as between parents and their children, influencing their behavior and emotional development.

Erik Erikson's Theory

A theory of psychological development that outlines eight stages from infancy to adulthood, each characterized by a specific crisis.

Sense of Guilt

A feeling of responsibility or remorse for some offense, crime, wrong, etc., whether real or imagined.