Question
C. If total liabilities decreased by $4,000, then a. stockholders' equity must have decreased by $4,000. b. assets must have decreased by $4,000, or stockholders'
C. If total liabilities decreased by $4,000, then
a. stockholders' equity must have decreased by $4,000.
b. assets must have decreased by $4,000, or stockholders' equity must have increased by $4,000.
c. assets and stockholders' equity each increased by $2,000.
d. assets must have increased by $4,000.
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Accounting Information Systems
Authors: Pat Wheeler, Ulric J Gelinas, Richard B Dull
9th Edition
0538469315, 9780538469319
