Question

Question 9 10 pts If total liabilities decreased by $50,000 and stockholders equity increased by $20,000 during a period of
please need help with this thank you
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer is “$30,000 decrease”

Change in Liabilities = -$50,000
Change in Stockholders’ Equity = $20,000

Change in Total Assets = Change in Liabilities + Change in Stockholders’ Equity
Change in Total Assets = -$50,000 + $20,000
Change in Total Assets = -$30,000

Add a comment
Know the answer?
Add Answer to:
please need help with this thank you Question 9 10 pts If total liabilities decreased by...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT