Homework answers / question archive / 10

10

Accounting

Share With

10.If total liabilities decreased by $23,767 during a period of time and stockholders' equity increased by $31,939 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a

a.$23,767 increase

b.$23,767 decrease

c.$8,172 decrease

d.$8,172 increase