If total assets decreased by $48,048 during a period of time and stockholders' equity increased by...

Question

Question

Answer 1

Answer #1


Amount and change in Liabilities:
Decrease in liabilities due to decrease in assets	-48,048
Decrease in liabilities due to increase in equity	-27,412

Net decrease in liabilities		-75,460

Answer is d. $ 75,460 decrease

Answer 2

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