If total liabilities increased by $42,000 during a period of time and stockholders' equity decreased by $18,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is a(n) Select one: Oa. $42,000 increase QUIZ N 1011 Ob. $60,000 increase O c. $24,000 decrease Od. $24,000 increase During the year, a firm reported a decrease in assets of $ 34,700. For the year, revenues were $196,700, expenses were $131,800, and dividends were $73,000. During the year, $17,000 in common stock was issued. No other equity transactions occurred. What was the decrease in liabilities for the year? Select one: Oa. $43,600 O b. $173,400 Oc $155,600 635.800 29 Finish attemp