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36 points if total assets remain the same and total stockholders equity increases, then liabilities must: Increase by the same amount Decrease by the same

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36 points if total assets remain the same and total stockholders equity increases, then liabilities must: Increase by the same amount Decrease by the same amount Increase by a different amount Remain the same 37 3 points Brinkley Corporation sold a delivery truck that was purchased for $40,000 and had an accumulated depreciation amount of $36,000 at the time of the disposal. They sold the truck for $7.000 cash. Calculate the gain or loss on the disposal of this asset $3.000 gain $4,000 loss $3.000 loss O S4000 gain 38 On September 1, 2020, Sharp Corp borrowed $2.400 on a 6-month, 10% promissory note. The amount of interest to be accrued on December 31 will be 5120 OOOO 3240 $80 $1.440

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