9. If total assets decreased by RM10,500 and owner's equity increased by RM3,000 during the same period, then the amount and direction of the period's change in total liabilities is A. RM13,500 increase B. RM7,500 decrease c. RM7,500 increase D. RM13,500 decrease

9. If total assets decreased by RM10,500 and owner's equity increased by RM3,000 during the same period, then the amount and direction of the period's change in total liabilities is A. RM13,500 increase B. RM7,500 decrease c. RM7,500 increase D. RM13,500 decrease

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter16: Statement Of Cash Flows: Another Look

Section: Chapter Questions

Problem 18P

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Concept explainers

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.

Question

9. If total assets decreased by RM10,500 and owner's equity
increased by RM3,000 during the same period, then the
amount and direction of the period's change in total
liabilities is
A. RM13,500 increase
B. RM7,500 decrease
c. RM7,500 increase
D. RM13,500 decrease

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