Multiple Choice
If total liabilities decreased by $14,000 during a period of time and shareholders' equity increased by $6,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is a(n) :
A) $14,000 increase.
B) $20,000 increase.
C) $8,000 decrease.
D) $8,000 increase.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: Payments to shareholders are called<br>A)expenses.<br>B)liabilities.<br>C)dividends.<br>D)shares.<br>
Q19: Any deficiency in cash from operating activities
Q37: The statement of financial position is always
Q42: The concept that economic activity, which can
Q58: Liabilities of a company are owed to<br>A)debtors.<br>B)owners.<br>C)creditors.<br>D)shareholders.<br>
Q80: Use the following information for questions <br>Kareem's
Q100: Which financial statement would indicate whether the
Q101: Liabilities:<br>A)are future economic benefits.<br>B)are debts and obligations.<br>C)possess
Q101: Which of the following would not be
Q109: Which of the following would not be