If total liabilities decreased by $22,027 during a period of time and stockholders' equity increased by $32,672 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a $22,027 decrease $10,645 decrease $10,645 increase $22,027 increase

If total liabilities decreased by $22,027 during a period of time and stockholders' equity increased by $32,672 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a $22,027 decrease $10,645 decrease $10,645 increase $22,027 increase

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.

Question

$22,027 decrease

$10,645 decrease

$10,645 increase

$22,027 increase

Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.

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