During the year, Bluebell Corporation reported a decrease in total assets of $50,000 and an increase in stockholders' equity of $20,000. By how much did the company's total liabilities change during the year, and was it an increase or a decrease?

During the year, Bluebell Corporation reported a decrease in total assets of $50,000 and an increase in stockholders' equity of $20,000. By how much did the company's total liabilities change during the year, and was it an increase or a decrease?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 6DQ: What do the following data, taken from a comparative balance sheet, indicate about the companys...

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True answer? General accounting question

During the year, Bluebell Corporation reported a decrease in total assets of
$50,000 and an increase in stockholders' equity of $20,000. By how much did the
company's total liabilities change during the year, and was it an increase or a
decrease?

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