Question
Please help. If a company's total assets decreased by $2,000 for the period and total liabilities increased by $10,000 for the period, the company's total
Please help.
If a company's total assets decreased by $2,000 for the period and total liabilities increased by $10,000 for the period, the company's total owner's equity must have
| a. decreased by $12,000 for the period | |
| b. decreased by $8,000 for the period | |
| c. decreased by $2,000 for the period | |
| d. increased by $10,000 for the period | |
| e. none of these |
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College Accounting Chapters 1-30
Authors: David Haddock, John Price, Michael Farina
16th Edition
1260247902, 978-1260247909
