g the current year, Sue Shells, Incorporated’s total liabilities decreased by $25,300 and stockholders' equity increased by $4,850. By what amount and in what direction did Sue’s total assets change during the same time period?   Multiple Choice   $30,150 increase.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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During the current year, Sue Shells, Incorporated’s total liabilities decreased by $25,300 and stockholders' equity increased by $4,850. By what amount and in what direction did Sue’s total assets change during the same time period?

 

Multiple Choice
  •  
    $30,150 increase.
  •  
    $20,450 increase.
  •  
    $30,150 decrease.
  •  
    $20,450 decrease.
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