If the Liabilities of a Company Increased $74,000 During a Period

question 69

Multiple Choice

If the liabilities of a company increased $74,000 during a period of time and equity in the company decreased $19,000 during the same period, what was the effect on the assets?

• A) Assets would have increased $55,000.
• B) Assets would have decreased $55,000.
• C) Assets would have increased $19,000.
• D) Assets would have decreased $19,000.
• E) None of these.

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Definitions:

Clearwater Hampers

A company known for creating and delivering gift baskets and hampers filled with various goods, often for specific occasions such as holidays or celebrations.

Trial Close

A sales technique where the seller asks the prospect a question that assumes the sale has been made, to gauge their readiness to complete the purchase.

Handling Objections

The process of addressing and overcoming concerns or objections that potential customers may have about a product or service.

Clearwater Hampers

A company that specializes in creating and delivering themed gift baskets and hampers for various occasions.