Question
Multiple Choice Question 133 If total liabilities decreased by $91000 and stockholders equity increased by $42000 during a period of time, then total assets must
Multiple Choice Question 133
If total liabilities decreased by $91000 and stockholders equity increased by $42000 during a period of time, then total assets must change by what amount and direction during that same period?
$133000 increase
$49000 decrease
$49000 increase
$91000 decrease
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Managerial Accounting
Authors: John Wild, Ken Shaw, Barbara Chiappetta
8th Edition
1264111924, 9781264111923
