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    Financial and Managerial Accounting Study Set 4
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    Exam 1: Introduction to Accounting and Business
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    If Total Assets Decreased by $30,000 During a Specific Period
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If Total Assets Decreased by $30,000 During a Specific Period

Question 96

Question 96

True/False

If total assets decreased by $30,000 during a specific period and stockholder's equity decreased by $35,000 during the same period, the period's change in total liabilities was an $65,000 increase.

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