If Total Assets Decreased by $88,000 During a Period of Time

question 175

Multiple Choice

If total assets decreased by $88,000 during a period of time and owner's equity increased by $71,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities would be a
(n)

• A) $17,000 increase
• B) $88,000 decrease
• C) $159,000 increase
• D) $159,000 decrease

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Definitions:

GLOBE Studies

Global Leadership and Organizational Behavior Effectiveness research, a large-scale study investigating how cultures influence leadership effectiveness and organizational practices.

Distinct Clusters

Groupings or categories that are clearly differentiated based on specific criteria, often used in data analysis, market segmentation, or social groupings.

Cross-Cultural Competencies

Skills and understanding necessary to interact effectively with people from different cultural backgrounds.

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The process of exchanging information, ideas, feelings, and messages with others through speech, writing, signals, or behaviors.