If total liabilities decreased by $28,969 during a period of time and stockholders' equity increased by $31,816 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a a. $28,969 increase b. $2,847 decrease c. $28,969 decrease d. $2,847 increase

If total liabilities decreased by $28,969 during a period of time and stockholders' equity increased by $31,816 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a a. $28,969 increase b. $2,847 decrease c. $28,969 decrease d. $2,847 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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