Financial accounting If total liabilities decreased by $5,800 andstockholders' equity decreased by $9,400during a period of time, then total assets musthave changed by what amount and directionduring that same period?

Step 1: Define Balance SheetAssets, Liabilities, and Stockholders' equity are the main sections…

Answered: If total liabilities decreased by…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 10CDQ

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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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calculate cash flow from assets if given year 1: sales=9402, depreciation=1350, costs of good sold=3235, administrative expenses=767, interest expenses=630, cash=4931, accounts receivable=6527, short term notes payable=953, long term debt=16152, net fixed assets=41346, accounts payable=5179, inventory=11604, and dividends=1147 and given year 2: sales=10091, depreciation=1351, costs of good sold=3672, administrative expenses=641, interest expenses=724, cash=6244, accounts receivable=7352, short term notes payable=895, long term debt=19260, net fixed assets=42332, accounts payable=5022, inventory=11926, and dividends=1261 and tax rate is 34%
Current Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $383,000 $294,000 Marketable securities 443,500 330,800 Accounts and notes receivable (net) 181,500 110,200 Inventories 554,400 388,600 Prepaid expenses 285,600 248,400 Total current assets $1,848,000 $1,372,000 Current liabilities: Accounts and notes payable (short-term) $324,800 $343,000 Accrued liabilities 235,200 147,000 Total current liabilities $560,000 $490,000

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If total liabilities decreased by $5,800 and stockholders' equity decreased by $9,400 during a period of time, then total assets must have changed by what amount and direction during that same period?