Multiple Choice
During the current year,Sue Shells,Inc.'s total liabilities decreased by $50,000 and stockholders' equity increased by $10,000.By what amount and in what direction did Sue's total assets change during the same time period?
A) $40,000 increase
B) $40,000 decrease
C) $60,000 increase
D) $60,000 decrease
Correct Answer:
Verified
Correct Answer:
Verified
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