If a Company's Total Assets Decreased While Liabilities and Common

question 73

Multiple Choice

If a company's total assets decreased while liabilities and common stock were unchanged, and no dividends were paid, then

• A)cash flow from operating activities was greater than cash flow from investing activities.
• B)retained earnings were less than net income during the period.
• C)revenues were less than expenses.
• D)the company must have purchased assets with cash.

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Definitions:

Constructive Eviction

An eviction that occurs by the act of the landlord depriving the tenant of something of a substantial nature that was called for under the lease.

Tenants in Coverture

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Undivided Share

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