True/False
If total assets increase,then either total liabilities or total stockholders' equity must also increase.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q10: The classified balance sheet for a company
Q13: In April,Pizza Aroma hired a new employee
Q14: A company was formed with $60,000 cash
Q16: Which of the following would be treated
Q17: On January 1,Year 3,New Works,Inc.'s assets were
Q18: A company was formed with $60,000 cash
Q19: Sofa So Good,Inc.signs a contract with a
Q20: If the total dollar value of credits
Q118: When accounts receivable are collected:<br>A)stockholders' equity increases.<br>B)total
Q178: Every transaction:<br>A)increases one account and decreases another