If total liabilities decreased by 15000 and stockholders


Question - If total liabilities decreased by $15,000 and stockholders' equity increased by $5,000 during a period of time, then total assets must change by what amount and direction during that same period?

A)$10,000 increase

b)$20,000 increase

c)$10,000 decrease

d)$15,000 decrease

Solution Preview :

Prepared by a verified Expert
Accounting Basics: If total liabilities decreased by 15000 and stockholders
Reference No:- TGS02574358

Now Priced at $25 (50% Discount)

Recommended (96%)

Rated (4.8/5)