f total assets decreased by $50,556 during a period of time and stockholders' equity increased by $27,692 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is
f total assets decreased by $50,556 during a period of time and stockholders' equity increased by $27,692 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter23A: Statement Of Cash Flows: The Direct Method
Section: Chapter Questions
Problem 2RQ
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If total assets decreased by $50,556 during a period of time and
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