FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If total liabilities decreased by $30800 and owner's equity increased by $19500 during a period of time, then total assets must change by what amount

image text in transcribed
If total liabilities decreased by $30800 and owner's equity increased by $19500 during a period of time, then total assets must change by what amount and direction during that same period? O $11300 decrease $11300 increase $50300 decrease $50300 increase

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

GAO Financial Audit Manual Volume 1 Updated April 2020

GAO Financial Audit Manual Volume 1 Updated April 2020

Authors: United States Government GAO

2020 Edition

B091PR8396, 979-8733135977

More Books

Students also viewed these Accounting questions

Question

★★★★★
Many highways have a speed limit of 55 mi / h. (a) Is this speed greater than, less than, or equal to 55 km / h? Explain. (b) Find the speed limit in km>h that corresponds to 55 mi / h.

Answered: 1 week ago

Question

★★★★★
explain the difference between absorption and marginal costing discuss various factors underlying the pricing policy adopted by an organisation

Answered: 1 week ago

Question

★★★★★
List and describe each of the approaches to financial planning analysis and recommendations.

Answered: 1 week ago

Question

★★★★★
The Coded message the follows is an encrypted message from Brutus to the Roman Senate. It was produced using the Caesar cipher method, in which each letter is shifted by a fixed number of places...

Answered: 1 week ago

Question

★★★★★
If total liabilities decreased by $30800 and owner's equity increased by $19500 during a period of time, then total assets must change by what amount and direction during that same period? O $11300...

Answered: 1 week ago

Question

★★★★★
Hello- I have gotten this question wrong 16 times. Please help. image in question. Easy Car Corp. is a grocery store located in the Southwest. It plans to pay an annual diyidend of $2.00 next year to...

Answered: 1 week ago

Question

★★★★★
Write Python code snippet to display n terms of the Fibonacci series using recursion.

Answered: 1 week ago

Question

★★★★★
Write the Python program to swap the two numbers without using intermediate /Temporary variables. Prompt the user for input.

Answered: 1 week ago

Question

★★★★★
Adens Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials...

Answered: 1 week ago

Question

★★★★★
Write a Python program to check an input number is prime or not.

Answered: 1 week ago

Question

★★★★★
Write a Python program that accepts a sentence and calculates the number of digits, uppercase, and lowercase letters.

Answered: 1 week ago

Question

★★★★★
List four examples of feedback you can give to a speaker that would indicate you understand his or her message. (Objective 4)

Answered: 1 week ago

Question

★★★★★
Teamwork. Conduct the following exercise with teams of five people. The instructor will read a factual story (from a newspaper, magazine, or other source) to one member of each team. That person will...

Answered: 1 week ago

Question

★★★★★
Good listeners can be described as patient and sincere; bad listeners can be described as self-centered and intolerant. What other words describe good listeners? bad listeners? List at least three...

Answered: 1 week ago

Previous Question Next Question