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If Total Liabilities Increased by ¥30,000 and Equity Increased by ¥10,000

Question 155

Multiple Choice

If total liabilities increased by ¥30,000 and 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¥ 40,000 decrease
B) ¥740,000¥ 740,000 increase
C) ¥50,000¥ 50,000 increase
D) ¥60,000¥ 60,000 increase

Correct Answer:

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