If total liabilities decreased by $50800 and stockholders' equity increased by $30500 during a period of time, then total assets must change by what amount and direction during that same period? O $20300 increase $81300 decrease ○ $20300 decrease O $81300 increase

If total liabilities decreased by $50800 and stockholders' equity increased by $30500 during a period of time, then total assets must change by what amount and direction during that same period? O $20300 increase $81300 decrease ○ $20300 decrease O $81300 increase

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter9: Corporate Valuation And Financial Planning

Section: Chapter Questions

Problem 3P: AFN Equation Refer to Problem 9-1. Return to the assumption that the company had 5 million in assets...

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If total liabilities decreased by $50800 and stockholders' equity increased by $30500 during a period of time, then total assets must
change by what amount and direction during that same period?
O $20300 increase
$81300 decrease
○ $20300 decrease
O $81300 increase

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