If a company's total liabilities increased by $31,500 and stockholders' equity increased by $24,600 during a period of time, then total assets must have changed by what amount and direction during that same period?

If a company's total liabilities increased by $31,500 and stockholders' equity increased by $24,600 during a period of time, then total assets must have changed by what amount and direction during that same period?

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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General Accounting Question

If a company's total liabilities increased by
$31,500 and stockholders' equity increased by
$24,600 during a period of time, then total
assets must have changed by what amount and
direction during that same period?

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