Current Attempt in Progress If total liabilities decreased by $51300 and stockholders' equity increased by $31300 during a period of time, then total assets must change by what amount and direction during that same period? $20000 increase $82600 increase $20000 decrease O $82600 decrease

Current Attempt in Progress If total liabilities decreased by $51300 and stockholders' equity increased by $31300 during a period of time, then total assets must change by what amount and direction during that same period? $20000 increase $82600 increase $20000 decrease O $82600 decrease

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter15: Capital Investment Analysis

Section: Chapter Questions

Problem 15.3.1MBA

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Current Attempt in Progress
If total liabilities decreased by $51300 and stockholders' equity increased by $31300 during a period of time, then total assets must
change by what amount and direction during that same period?
O $20000 increase
O $82600 increase
O $20000 decrease
O $82600 decrease

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