If Total Liabilities Decreased by $134,000 During a Period of Time

Multiple Choice

If total liabilities decreased by $134,000 during a period of time and shareholders' equity increased by $103,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is a(n)

A) $134,000 increase.
B) $103,000 increase.
C) $31,000 decrease.
D) $31,000 increase.