If total assets decreased by $9,800 and stockholders' equity decreased by $15,500 during a period of time, then total liabilities must have changed by what amount and direction during that same period?
If total assets decreased by $9,800 and stockholders' equity decreased by $15,500 during a period of time, then total liabilities must have changed by what amount and direction during that same period?
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 10CDQ
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Transcribed Image Text:If total assets decreased by $9,800 and stockholders' equity
decreased by $15,500 during a period of time, then total
liabilities must have changed by what amount and direction
during that same period?
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