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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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.