If total liabilities increased by $8,000, then: assets must have decreased by $8,000. stockholders' equity must have increased by $8,000. assets must have increased by $8,000, or stockholders' equity must have decreased by $8,000. assets and stockholders' equity each increased by $4,000.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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If total liabilities increased by $8,000, then:

  1. assets must have decreased by $8,000.
  2. stockholders' equity must have increased by $8,000.
  3. assets must have increased by $8,000, or stockholders' equity must have decreased by $8,000.
  4. assets and stockholders' equity each increased by $4,000.
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