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natulia [17]
3 years ago
8

If total liabilities decreased by $15,000 and stockholders' equity increased by $10,000 during a period of time, then total asse

ts must change by what amount and direction during that same period? A) $25,000 decrease.B) $5,000 decrease.C) $5.000 increase.D) $25,000 increase.
Business
1 answer:
scoray [572]3 years ago
4 0

Answer:

The total assets must change by B) $5,000 decrease

Explanation:

hi, remember that:

Assets=Liabilities+Equity

If liabilities decrease by $15,000 and equity increases by $10,000...

Assets=(Liabilities-15,000)+(Equity+10,000)

Assets=Liabilities+Equity-5,000

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.

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$186,900

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The gross profit is the difference between the sales revenue and the cost of good sold. The gross profit percentage is the ratio of gross profit to net sales expressed as a percentage.

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To get the net income, we would first get the gross income.

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