Answer:
d.$75,952 decrease
Explanation:
We simply use the Accounting Equation to determine the period's change in total liabilities.
So, the Accounting Equation states :
Assets = Equity + Liabilities
also
Assets - Equity = Liabilities
therefore,
($49,928) - $26,024 = Liabilities
(- $75,952) = Liabilities
conclusion
The period's change in total liabilities is $75,952 decrease
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i think the answer is B which is <span>Timber land was harvested, robbing Native Americans of a valuable resource</span>
Answer:
Merchandise inventory is classified on the balance sheet as a current asset.
Explanation:
Merchandise inventory refers to the price of products that are available for sale and they are classified as a current asset.
Current assets are the cash and the other assets that can be turn into cash within a year, like inventory as there is a good opportunity that the products are sold in that period which makes inventory to be included in the current assets on the balance sheet.
