Solved: If total liabilities decreased by 49600 and stockholders, Accounting Basics

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If total liabilities decreased by 49600 and stockholders

Question - If total liabilities decreased by $49600 and stockholders' equity increased by $29500 during a period of time, then total assets must change by what amount and direction during that same period?

$79100 increase

$20100 decrease

$79100 decrease

$20100 increase

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Accounting Basics: If total liabilities decreased by 49600 and stockholders

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Accounting Basics: If total liabilities decreased by 49600 and stockholders

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