Multiple Choice
If total liabilities decreased by $30,000 and stockholders' equity increased by $20,000 during a period of time, then total assets must change by what amount and direction during that same period?
A) $50,000 decrease
B) $10,000 decrease
C) $10,000 increase
D) $50,000 increase
Correct Answer:
Verified
Correct Answer:
Verified
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