Question 1 If total liabilities increased by $42,000 during a period of time and stockholders' equity decreased by $18,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is a(n) Not yet answered Points out of 2.5 Select one: a. $42,000 increase Flag question b. $60,000 increase c. $24,000 decrease d. $24,000 increase Question 2 During the year, a firm reported a decrease in assets of $ 34,700. For the year, revenues were $196,700, expenses were $131,800, and dividends were $73,000. During the year, $17,000 in common stock was issued. No other equity transactions occurred. What was the decrease in liabilities for the year? Not yet answered Points out of 2.5 Select one: a. $43,600 Flag question b. $173,400 c. $155,600 O d. $25,800 e. $86,200 Question 3 Not yet answered If Accumulated Depreciation has a normal ending balance of $29,000, credit postings of $22,000, and a normal beginning balance of $24,000, what were the debit postings? Points out of 2.5 Flag question Select one: a. $36,000 b. $22,000 O c. $17,000 d. $31,000 e. $27,000