General aCCOUNT If total liabilities decreased by $49,600 and stockholders' equityincreased by $29,500 during a period of time, then total assets mustchange by what amount and direction during that same period?a. $79,100 increaseb. $20,100 decreasec. $79,100 decreased. $20,100 increase

To determine the change in total assets, we apply the accounting equation:…

Answered: If total liabilities decreased by…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 20E

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If total liabilities decreased by $22,027 during a period of time and stockholders' equity increased by $32,672 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a $22,027 decrease $10,645 decrease $10,645 increase $22,027 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
If total liabilities decreased by $75,000 and stockholders' equity increased by $15,000 during a period of time, then total assets must change by what amount and direction during that same period? a. $60,000 decrease b. $60,000 increase c. $75,000 increase d. $90,000 increase
If total liabilities increased by $70500 during a period of time and stockholders' equity decreased by $37000 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is a(n) O $107500 increase. O $70500 increase. O $33500 increase. O $33500 decrease.
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Cost Account Question
If total liabilities decreased by $28,055 during a períod of time and stockholders' equity increased by $32,687 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a a. $4,632 decrease Ob. $28,055 increase Oc. $4,632 increase Od. $28,055 decrease
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 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 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