If the Liabilities of a Company Increased by $55,000 During

question 141

Multiple Choice

If the liabilities of a company increased by $55,000 during a month and the stockholders' equity decreased by $21,000 during that same month,did assets increase or decrease and by how much?

• A)$34,000 increase
• B)$55,000 increase
• C)$34,000 decrease
• D)$76,000 increase

---

Definitions:

Fatty Acids

Long chains of hydrocarbon ending with a carboxyl group, essential in diet and biological functions.

Calvin Cycle

A series of biochemical reactions taking place in the chloroplasts of plants during photosynthesis where carbon dioxide is converted into glucose.

RuBP Carboxylase

An enzyme that starts the Calvin cycle reactions by catalyzing attachment of the carbon atom from CO2 to RuBP.

G3P

Glyceraldehyde 3-phosphate, a chemical compound that serves as an intermediate in several central metabolic pathways in all organisms.