Question
If total liabilities decreased by $40,000 and owner's equity decreased by $30,000 during a period of time, then total assets must change by what amount
If total liabilities decreased by $40,000 and owner's equity decreased by $30,000 during a period of time, then total assets must change by what amount and direction during that same period?
$50,000 decrease
$10,000 decrease
$10,000 increase
$50,000 increase
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Statistics Informed Decisions Using Data
Authors: Michael Sullivan III
5th Edition
978-0134135373, 134133536, 134135377, 978-0134133539
