If total liabilities decreased by $4,400, thenA) stockholders' equity must have decreased by $4,400.B) assets and stockholders' equity each increased by $2,200.C) assets must have increased by $4,400.D) assets must have decreased by $4,400.E) stockholders' equity must have increased by $4,400.

The correct answer is:D) assets must have decreased by $4,400. Explanation:The accounting equation…

Answered: If total liabilities decreased by…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 17MC: If equity equals $100,000, which of the following is true? A. Assets exceed liabilities by $100,000....

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Similar questions

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If total assets decreased by $48,064 during a period of time and stockholders' equity increased by $30,995 during the same period, what is the amount and direction (increase or decrease) of the period's changes in total liabilities?
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If total assets increased $20,000 during a period and total liabilities increased $12,000 during the same period, the amount and direction (increase or decrease) of the change in stockholders’ equity for that period is:A. a $32,000 increase.B. a $32,000 decrease.C. an $8,000 increase.D. an $8,000 decrease.
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If a company has an increase in total revenues of $10,000, which of the following is possible? a. Total assets increase by $10,000.b. Total liabilities increase by $10,000.c. Total stockholders’ equity decreases by $10,000.d. Either b. or c. is correct.
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If total liabilities decreased by $4,400, then A) stockholders' equity must have decreased by $4,400. B) assets and stockholders' equity each increased by $2,200. C) assets must have increased by $4,400. D) assets must have decreased by $4,400. E) stockholders' equity must have increased by $4,400.