Multiple Choice
If total liabilities decreased by $105,000 and stockholders' equity decreased by $35,000 during a period of time, then total assets must change by what amount and direction during that same period?
A) $140,000 increase
B) $70,000 decrease.
C) $140,000 decrease.
D) $70,000 decrease
Correct Answer:
Verified
Correct Answer:
Verified
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