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Type: Multiple-Choice
Category: Accounting
Score: 3
Author: Geo2127

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# Accounting Question

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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?
1. $20,000 increase 2.$10,000 decrease
3. $10,000 increase 4.$15,000 decrease