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

question 13

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.

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Definitions:

Psoas Minor

A small muscle located in the lower back, which may not be present in all individuals, involved in flexing the lumbar spine.

Flexor Pollicis Brevis

A muscle in the hand that flexes the thumb towards the palm.

Flexor Carpi Radialis

The flexor carpi radialis is a muscle in the forearm that acts to flex and abduct the hand at the wrist, playing a key role in grasping movements.

Extensor Carpi Radialis Brevis

A muscle of the forearm that aids in extending and abducting the hand at the wrist joint.