Pracqui

Pracqui

If total liabilities decreased by $$46,000$ during a period of time and stockholders' equity increased by $$60,000$ during the same period, the amount and direction $($increase or decrease$)$ of the period's change in total assets is a

a$.$ $$14,000$ increase

b$.$ $$14,000$ decrease

c$.$ $$106,000$ decrease

d$.$ $$106,000$ increasech

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Grades

The assets and liabilities of a company are $$128,000$ and $$84,000,$ respectively. Stockholders' equity should Indicate how the following transactions affect the accounting equation.

a$.$ Purchase of supplies on account.

b$.$ Purchase of supplies for cash.

Assets decrease; stockholders' equity decreases

c$.$ Payment of cash dividends to stockholders.

Assets increase; stockholders' equity increases

No effect

d$.$ Revenues received in cash.

Assets increase; llabilities increase

e$.$ Sale made on account.

No effect