Question Info

This question is public and is used in 1 group and 123 tests or worksheets.

Type: Multiple-Choice
Category: Accounting
Score: 2
Author: Geo2127
 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? $20,000 increase$10,000 decrease $10,000 increase$15,000 decrease