Question: If total liabilities increased by $ 2 4 , 5 0 0 during a period of time and stockholders' equity decreased by $ 8 ,

If total liabilities increased by $24,500 during a period of time and stockholders' equity decreased by $8,800 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is a(n)Assets = Liabilities + Stockholders Equity+24,500-8,800

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