A practical decision to expense small capital expenditures rather than record them as property, plant, and equipment and depreciate them probably is based on the principle of: AIRE Select one: W EEEE O a. consistency O b. materiality O c. full disclosure O d. relevance If total liabilities increased by $45,000 and stockholders' equity increased by $15,000 during a period of time, then total assets must change by what amount and direction during that same period? Select one: a. $60,000 decrease b. $60,000 increase c. $75,000 increase d. $90,000 increase