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:

Germanium

A chemical element with the symbol Ge, used as a semiconductor in electronic devices.

Missed Column

A scenario in data presentation or analysis where one or more columns of data are accidentally omitted or lost, potentially leading to incomplete interpretations or results.

Noble Gases

A group of inert gases that have a complete valence electron shell, making them highly stable and unreactive under normal conditions.

Mendeleev

A Russian chemist who created the periodic table, organizing chemical elements by their atomic mass and chemical properties.