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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)
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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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?
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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