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If total liabilities increased by $90,000 and stockholders equity decreased by $30,000 during a period of time, then total assets must change by what amount
If total liabilities increased by $90,000 and stockholders equity decreased by $30,000 during a period of time, then total assets must change by what amount and direction during that same period?
a. $120,000 decrease
b. $120,000 increase
c. $60,000 increase
d. $60,000 decrease
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