Question
If total liabilities decreased by $46,000 during a period of time and owner's equity increased by $60,000 during the same period, the amount and direction
If total liabilities decreased by $46,000 during a period of time and owner's equity increased by $60,000 during the
same period, the amount and direction (increase or decrease) of the period's change in total assets is a
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
