Friday, October 9, 2020

If the liabilities of a company increased by $55,000 during a month and the stockholders' equity decreased by $21,000 during that same month, did assets increase or decrease and by how much?

If the liabilities of a company increased by $55,000 during a month and the stockholders' equity decreased by $21,000 during that same month, did assets increase or decrease and by how much?


A) $34,000 increase.

B) $55,000 increase.

C) $34,000 decrease.

D) $76,000 increase.


Answer: A

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