Question
If total liabilities decreased by $22,183 during a period of time and stockholders' equity increased by $33,374 during the same period, the amount and direction
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If total liabilities decreased by $22,183 during a period of time and stockholders' equity increased by $33,374 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a
a.$22,183 increase
b.$11,191 decrease
c.$11,191 increase
d.$22,183 decrease
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Financial & Managerial Accounting For Undergraduates
Authors: Jason Wallace, James Nelson, Karen Christensen, Theodore Hobson, Scott L. Matthews
2nd Edition
161853310X, 9781618533104
