Homework Answers
The accounting equation denotes that the total assets are equal to the total liabilities plus the total equity which is:
Assets = Liabilities + Equity
A decrease in total liabilities by ¥45,000 and in equity by ¥10,000 would be a total decrease of ¥55,000. Hence, correspondingly, total assets would also decrease by ¥55,000.
Answer: ¥55,000 decrease
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If total liabilities decreased by ¥45,000 and equity decreased by ¥10,000 during a period of time,...
If total liabilities decreased by $100000 and stockholders' equity decreased by $25000 during a period of...
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 assets decreased by $48,048 during a period of time and stockholders' equity increased by...
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 >
Practice Question 38 If total liabilities decreased by $15,000 and stockholders' equity increased by $5,000 during...
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
A company's total liabilities decreased by $135000 and its stockholders' equity decreased by $31500 during a...
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 liabilities increased by $93000 and stockholders' equity increased by $49000 during a period of...
If total liabilities increased by $93000 and stockholders' equity increased by $49000 during a period of time, then total assets must change by what amount and direction during that same period? $240000 increase O $142000 increase O $191000 increase $142000 decrease
please need help with this thank you Question 9 10 pts If total liabilities decreased by...
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
1. If total assets increased by $175,000 during a specific period and liabilities decreased by $10,000...
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
2. If total liabilities increased by $14,000 during a period of time and stockholders' equi decreased...
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...
Multiple Choice Question 134 During September 2022, Crane Diner's total liabilities decreased by $70000 and its...
Multiple Choice Question 134 During September 2022, Crane Diner's total liabilities decreased by $70000 and its stockholders' equity increased by $18000. The company's total assets must change by what amount and in what direction during that same period? $70000 Increase $52000 decrease $52000 Increase $88000 Increase
If total liabilities decreased by $100,000 and total assets decreased by $180,000 during the same accounting...
If total liabilities decreased by $100,000 and total assets decreased by $180,000 during the same accounting time period, what happened to total owners' equity during this period? A. $180,000 increase B. $180,000 decrease C. $80,000 increase D. $80,000 decrease
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 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 >
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
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 liabilities increased by $93000 and stockholders' equity increased by $49000 during a period of time, then total assets must change by what amount and direction during that same period? $240000 increase O $142000 increase O $191000 increase $142000 decrease
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...
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