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If Total Liabilities Decreased By ¥30,000¥ 30,000 And Equity Decreased By ¥10,000¥10,000

Question 25

Multiple Choice

If total liabilities decreased by ¥30,000¥ 30,000 and equity decreased by ¥10,000¥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 increase

B) ¥20,000¥ 20,000 increase

C) ¥40,000¥ 40,000 decrease

D) ¥20,000¥ 20,000 decrease

Correct Answer:

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