If total assets decreased by $119,300 during a period of time and owner's equity increased by $67,600 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities would be a(n): Select one: a. $51,700 increase b. $186,900 decrease c. $67,500 decrease d. $51,700 decrease

If total assets decreased by $119,300 during a period of time and owner's equity increased by $67,600 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities would be a(n): Select one: a. $51,700 increase b. $186,900 decrease c. $67,500 decrease d. $51,700 decrease

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter16: Statement Of Cash Flows: Another Look

Section: Chapter Questions

Problem 18P

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Question

Select one:

a. $51,700 increase

b. $186,900 decrease

c. $67,500 decrease

d. $51,700 decrease

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