If total assets increased $20,000 during a period and total liabilities increased $12,000 during the same period,

Question:

If total assets increased $20,000 during a period and total liabilities increased $12,000 during the same period, the amount and direction (increase or decrease) of the change in stockholders’

equity for that period is a(n):

a. $32,000 increase.

b. $32,000 decrease.

c. $8,000 increase.

d. $8,000 decrease.

AppendixLO1

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Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

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