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If Total Liabilities Decreased By ¥25,000¥ 25,000 And Equity Increased By ¥5,000¥ 5,000

Question 56

Multiple Choice

If total liabilities decreased by ¥25,000¥ 25,000 and equity increased by ¥5,000¥ 5,000 during a period of time, then total assets must change by what amount and direction during that same period?


A) ¥20,000¥ 20,000 decrease
B) ¥20,000¥ 20,000 increase
C) ¥25,000¥ 25,000 increase
D) ¥30,000¥ 30,000 increase

Correct Answer:

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