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:

Kent State University

A public research university located in Kent, Ohio, known for the 1970 shootings where four students were killed by National Guard members during a protest.

Campus Protest

Demonstrations or actions taken by students or faculty members within a university or college setting, often to express opposition against policies, actions, or societal issues.

American Troops

Refers to soldiers from the United States armed forces, who have been deployed in various conflicts around the globe to defend U.S. interests and support allied nations.

Stonewall Inn Riot

A series of spontaneous, violent demonstrations by members of the gay (LGBT) community against a police raid that took place in the early hours of June 28, 1969, at the Stonewall Inn in New York City.