Question: if total liabilities decrease by $ 5 5 , 0 0 0 and stakeholders equity increased by 1 8 , 0 0 0 during a

if total liabilities decrease by $55,000 and stakeholders equity increased by 18,000 during a period of time then total assets must change by what amount and direction during that same period

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

I need a financial analysis on this company C Company FACILITIES AND EQUIPMENT Year 16 (Industry 17) Asia Pacific Total FACILITY SPACE North America | Europe Africa Latin America Facility Space...

Q:

If total liabilities increased by $14,000 during a period of time and equity increased by $6,000 during the same period, then the change in total assets is: Group of answer choices an increase of...

Q:

1 Tony and Suzle graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon...

Q:

Consider the accounting equation: If total liabilities decreased by $ 5 0 , 0 0 0 during the reporting period and stockholders' equity increased by $ 6 0 , 0 0 0 during the same period, the amount...

Q:

On January 1, 2018, Brown Co. borrowed cash from First Bank by issuing a $63,000 face value, four-year term note that had an 7 percent annual interest rate. The note is to be repaid by making annual...

Q:

8. If total liabilities decrease by $50,000 and total equity increased by $20,000 during a period of time, then total assets must a. Decrease by $30,000. b. Increase by $30,000. c. Increase by...

Q:

This is the full question as asked. Comprehensive Consolidated Working Paper, Consolidated Financial Statements Several years ago PK Flyers acquired 65 percent of the voting stock of ShoeDaze for a...

Q:

If total liabilities decreased by $ 1 4 , 0 0 0 during a period of time and equity increased by $ 6 , 0 0 0 during the same period, then the change in total assets is Select one: a . an increase of $...

Q:

If total liabilities decreased by $14,000 during a period of time and equity increased by $6,000 during the same period, then the change in total assets is Select one: a. an increase of $20,000. b....

Q:

[The following information applies to the questions displayed below.] Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business...

Q:

Suppose the U.S. Treasury Secretary made a trip to China to discuss currency manipulation charges against the People's Republic Bank of China. Suppose further that China refused to bend on its fixed...

Q:

Suppose you fit a least squares line to 12 data points and the calculated value of SSE is .429. a. Find s2, the estimator of 2 (the variance of the random error term ). b. Find s, the estimate of ....

Q:

When a property dividend is declared, the property to be distributed should be revalued to fair market value as of the: Question 7 options: 1 ) Record date. 2 ) Date of distribution. 3 ) Date of...

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....