If total liabilities increased by $20,000 during a period of time and stock holder's equity increased by

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If total liabilities increased by $20,000 during a period of time and stock holder's equity increased by $5,000 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is:

a. $20,000 increase.

b. $20,000 decrease.

c. $25,000 increase.

d. $25,000 decrease.

Related Book For answer-question

Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Posted Date: Sep 14, 2020 10:16 PM

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If total liabilities increased by $20,000 during a period of time and stock holder's equity increased by

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The Correct Option is d 25000 decrease Explanation If the liabilities ... View the full answer

Financial and Managerial Accounting the basis for business decisions

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