If total assets increased by $9,400 and total liabilities decreased by $3,200 during a period of time, then stockholders' equity must have changed by what amount and direction during that same period?

If total assets increased by $9,400 and total liabilities decreased by $3,200 during a period of time, then stockholders' equity must have changed by what amount and direction during that same period?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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If total assets increased by $9,400 and total liabilities decreased by
$3,200 during a period of time, then stockholders' equity must have
changed by what amount and direction during that same period?

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