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

question 179

Multiple Choice

If total liabilities decreased by $46,000 during a period of time and stockholders' 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

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

---

Definitions:

Affordability

The degree to which a good or service is financially accessible to consumers, often considering income levels and prices.

Basic Research

An exploratory type of scientific inquiry that aims to increase understanding or knowledge without immediate practical application in mind.

Applied Research

It is a form of systematic inquiry involving the practical application of science. It is used for solving problems and inventing new processes and products.

Resource Productivity

The measure of how effectively economic resources are used to produce goods and services.