If total liabilities decreased by $22,193 during a period of time and stockholders' equity increased by $30,335 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a

If total liabilities decreased by $22,193 during a period of time and stockholders' equity increased by $30,335 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a

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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Question

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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