Multiple Choice Question 134 During September 2022, Crane Diner's total liabilities decreased by $70000 and its...

Question

Question

Answer 1

Answer #1

Total liabilities decrease by $70000 and total Stockholder's equity increase by 18000

So net liabilities and stockholder's equity decrease by 70000-18000 = 52000

So answer is b) $52000 Decrease

Answer 2

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