Question: If total liabilities decreased by $ 5 0 , 0 0 0 and stockholders' equity increased by $ 1 0 , 0 0 0 during

If total liabilities decreased by $50,000 and stockholders' equity increased by $10,000 during a period of time, then total asset
amount and direction during that same time period?
Multiple Choice
$40,000 increase
$40,000 decrease
$60,000 increase
$60,000 decrease
If total liabilities decreased by $50,000 and stockholders' equity increased by

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