Option:D $80,000 Decrease
Explanation
If total liabilities decreased by $100,000 and total assets decreased by $180,000 during the same accounting...
If total liabilities decreased by $100000 and stockholders' equity decreased by $25000 during a period of time, then total assets must change by what amount and direction during that same period? $75000 increase $125000 increase $75000 decrease $125000 decrease
If total liabilities decreased by ¥45,000 and equity decreased by ¥10,000 during a period of time, then total assets must change by what amount and direction during that same period? ¥55,000 decrease O ¥35,000 decrease O X55,000 increase O X35,000 increase
A company's total liabilities decreased by $135000 and its stockholders' equity decreased by $31500 during a period of time. By what amount and in what direction must the company's totales have changed during that same period? $166500 increase $109500 decrease $166500 decrease $103500 increase
If total assets decreased by $48,048 during a period of time and stockholders' equity increased by $27,412 during the same period, then the amount and direction (Increase or decrease) of the period's change in total liabilities is a $23,326 increase Ob. $75,460 Increase Oc. $48,048 decrease Od. $75,460 decrease Previous Next >
2. Ervin Enterprises began the year with total assets of $450,000 and total liabilities of $213,000. Using this information and the accounting equation, answer each of the following independent questions. a. What was the amount of Ervin’s owners’ equity at the beginning of the year? b. If Ervin’s total asset’s increased by $100,000 and its total liabilities increased by $70,000 during the year, what was the amount of Ervin’s owners’ equity at the end of the year? c. If Ervin’s...
If the liabilities of a business decreased 25,000 during a period of time and the assets of the business decreased 15,000 during the same period, the owner's equity in the business must have: a. Decreased 40,000 b. Decreased 10,000 C. Increased 40,000 d. Increased 10,000
Practice Question 38 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? $15,000 decrease $10,000 increase $20,000 increase $10,000 decrease Click if you would like to show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE POR LATER SUBMIT ANSWER
1. If total assets increased by $175,000 during a specific period and liabilities decreased by $10,000 during the same period, the period's change in total owner's equity was a $185,000 increase. True or False 2. Drawings are an example of an expense. True or False
please need help with this thank you Question 9 10 pts If total liabilities decreased by $50,000 and stockholders' equity increased by $20,000 during a period of time, then total assets must change by what amount and direction during that same period? $30,000 increase O $60.000 decrease $30,000 decrease $70,000 decrease
2. If total liabilities increased by $14,000 during a period of time and stockholders' equi decreased by $6,000 during the same period, then the amount and direction (increase decrease) of the period's change in total assets is a(n) a. $14,000 increase. b. $20,000 increase. c. $8,000 decrease. d. $8,000 increase. 3. Elston Company compiled the following financial information as of December 31, 2010: Revenues $140,000 Common stock 30,000 Equipment 40,000 Expenses 125,000 Cash 35,000 Dividends 10,000 Supplies 5,000 Accounts payable...