You short-sell 600 shares of Rock Creek Fly Fishing Co., now selling for $38 per share. If you want to limit your loss to $3,600
1 answer:
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Answer:
The total assets must change by B) $5,000 decrease
Explanation:
hi, remember that:
If liabilities decrease by $15,000 and equity increases by $10,000...
Therefore, to balance this equation, we have to substract -$5,000 from the assets, therefore, the assets decrease by 5,000, which is B)
Best of luck.