Question
If total assets decreased by $48,589 during a period of time and stockholders' equity increased by $28,624 during the same period, then the amount and
If total assets decreased by $48,589 during a period of time and stockholders' equity increased by $28,624 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is
a. $21,799 increase
b. $48,589 decrease
c. $77,213 increase
d. $77,213 decrease
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Advanced Financial Accounting
Authors: Richard Baker, Valdean Lembke, Thomas King, Cynthia Jeffrey
7th Edition
0073526746, 978-0073526744
