If total liabilities decreased by $49,600 and stockholders' equity increased by $29,500 during a period of time, then total assets must change by what amount and direction during that same period? a. $79,100 increase b. $20,100 decrease c. $79,100 decrease d. $20,100 increase

If total liabilities decreased by $49,600 and stockholders' equity increased by $29,500 during a period of time, then total assets must change by what amount and direction during that same period? a. $79,100 increase b. $20,100 decrease c. $79,100 decrease d. $20,100 increase

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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Hello tutor please provide correct answer general Accounting question

If total liabilities decreased by $49,600 and stockholders'
equity increased by $29,500 during a period of time, then
total assets must change by what amount and direction
during that same period?
a. $79,100 increase
b. $20,100 decrease
c. $79,100 decrease
d. $20,100 increase

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