Hi teacher please help me this question If total assets decreased by $9,800 and stockholders' equitydecreased by $15,500 during a period of time, then totalliabilities must have changed by what amount and directionduring that same period?

Step 1: Definition of Accounting EquationThe accounting equation states:…

Answered: If total assets decreased by $9,800 and…

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?