Question
If total assets decreased by $50,879 during a period of time and stockholders' equity increased by $28,545 during the same period, then the amount and
If total assets decreased by $50,879 during a period of time and stockholders' equity increased by $28,545 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is
a.$79,424 increase
b.$50,879 decrease
c.$79,424 decrease
d.$22,454 increase
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Financial And Managerial Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliver
1st Edition
0558241050, 978-0558241056
