Multiple Choice
If total liabilities increased by $25,000 during a period of time and stockholders' equity decreased by $9,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is a(n)
A) $34,000 decrease.
B) $16,000 decrease.
C) $16,000 increase.
D) $34,000 increase.
Correct Answer:
Verified
Correct Answer:
Verified
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