If total liabilities increased by $24,400 and stockholders' equity increased by $8,450 during a period of time, then total assets must have changed by what amount and direction during that same period?

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
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If total liabilities increased by $24,400 and
stockholders' equity increased by $8,450
during a period of time, then total assets must
have changed by what amount and direction
during that same period?
Transcribed Image Text:If total liabilities increased by $24,400 and stockholders' equity increased by $8,450 during a period of time, then total assets must have changed by what amount and direction during that same period?
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