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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? $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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
Transcribed Image Text: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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