HPMS) 1 Help Save & Exit If the liabilities of a business increased $107,000 during a period of time and the stockholders' equity in the business decreased $46,000 during the same period, the assets of the business must have: Multiple Choice Decreased $153,000 Decreased $61,000 Increased $46.000 RE C e earch + If a company uses $1,460 of its cash to purchase supplies, the effect on the accounting equation would be: Multiple Choice 27 Assets increase $1,460 and liabilities decrease $1,460. One asset increases $1.460 and another asset decreases $1.460, causing no effect. Assets decrease $1,460 and equity decreases $1,460. e to search C e + -D the