Multiple Choice
If total liabilities increased by $8,000, then
A) assets must have decreased by $8,000.
B) stockholders' equity must have increased by $8,000.
C) assets must have increased by $8,000, or stockholders' equity must have decreased by $8,000.
D) assets and stockholders' equity each increased by $4,000.
Correct Answer:
Verified
Correct Answer:
Verified
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