If total assets increased $20,000 during a period and total liabilities increased $12,000 during the same period,
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If total assets increased $20,000 during a period and total liabilities increased $12,000 during the same period, the amount and direction (increase or decrease) of the change in stockholders’ equity for that period is a(n):
a. $32,000 increase.
b. $32,000 decrease.
c. $8,000 increase.
d. $8,000 decrease.
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337902663
15th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler
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