During the current year, a company's total liabilities increased by $$75,000$ and total

assets decreased by $$25,000.$ How much did its total stockholders' equity increase or

decrease during the current year?

$$100,000$ decrease

$$100,000$ increase

$$50,000$ decrease

$$75,000$ increase

$$50,000$ increase

A transaction decreased a company's assets by $$5,000$ and decreased its stockholders'

equity by $$5,000.$ This transaction could have been $a(n)$

a note payable issued to a creditor in exchange for a loan.

purchase of supplies for cash.

payment for a one$-$year insurance policy that will expire next year.

payment of rent for the month.

receipt of cash in exchange for performing services to a customer.

A transaction decreased a company's assets by $$5,000$ and decreased its stockholders'

equity by $$5,000.$ This transaction could have been $a(n)$

a note payable issued to a creditor in exchange for a loan.

purchase of supplies for cash.

payment for a one$-$year insurance policy that will expire next year.

payment of rent for the month.

receipt of cash in exchange for performing services to a customer.