Solved

During September 2022, Blowing Rock Diner's Total Liabilities Decreased by $75,000

Question 88

Multiple Choice

During September 2022, Blowing Rock Diner's total liabilities decreased by $75,000 and its stockholders' equity increased by $15,000.The company's total assets must change by what amount and in what direction during that same period?


A) $60,000 decrease
B) $60,000 increase
C) $75,000 increase
D) $90,000 increase

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions