Multiple Choice
If total liabilities decreased by $50,000 and stockholders' equity increased by $10,000 during a period of time, then total assets must change by what amount and direction during that same period?
A) $40,000 decrease
B) $40,000 increase
C) $50,000 increase
D) $60,000 increase
Correct Answer:
Verified
Correct Answer:
Verified
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