During 2019, Seisor Company's assets decreased $50,000 and its liabilities decreased $90,000. Its stock- holders' equity therefore:

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(a) increased $40,000.

(b) decreased $140,000.

(c) decreased $40,000.

(d) increased $140,000.

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Financial Accounting

ISBN: 9781119298229,9781119305842

10th Edition

Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel

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Question Posted: Feb 07, 2024 03:00 AM

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During 2019, Seisor Company's assets decreased $50,000 and its liabilities decreased $90,000. Its stock- holders' equity therefore:

Question:

Step by Step Answer:

a Using the basic accounting equation Asse...View the full answer

Financial Accounting

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