Multiple Choice
The total liabilities of Hickory Construction Co.decreased by $90,000 during the month of August 2022.Stockholders' equity increased by $30,000 during this period.By what amount and in what direction must total assets have changed during August?
A) $120,000 increase
B) $60,000 decrease
C) $60,000 increase
D) $90,000 decrease
Correct Answer:
Verified
Correct Answer:
Verified
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