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dybincka [34]
3 years ago
7

If total liabilities decreased by $26,185 during a period of time and owner's equity increased by $33,571 during the same period

, the amount and direction (increase or decrease) of the period's change in total assets would be a a.$7,386 increase b.$26,185 increase c.$7,386 decrease d.$26,185 decrease
Business
1 answer:
matrenka [14]3 years ago
4 0

Answer:

Option (a) $7,386 increase

Explanation:

Data provided in the question:

Change in total liabilities = - $26,185 [negative sign depicts decrease]

Change in equity = $33,571

Now,

Total Assets = Total Liabilities + Total Equity

Thus,

Change in total assets = Change in total Liabilities + Change in total Equity

or

Change in total assets = - $26,185 + $33,571

= $7,386 [positive value depicts increase]

Hence,

Option (a) $7,386 increase

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To help the management, specific management reports are produced from which decisions affecting the company can be made. It is relatively flexible to enable it to suit the demands of the company and as it is for internal use, is not independently audited.

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a common measure of implicit attitudes is the task. this assesses how quickly a person can label the valence of an attitude obje
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"Evaluative priming" refers to how quickly a person can identify an attitude object's valence when it appears right after a positive or negative image.

<h3>Define the term evaluative priming?</h3>

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6 0
1 year ago
What is the One Club? They asked me this on my homework assignment.
BaLLatris [955]

Answer:

<h3>The One Club is an American non-profit organization that recognizes and promotes excellence in advertising. Founded in New York City as The One Club for Art & Copy, The One Club produces four annual award competitions: One Show, One Show Design, One Show Interactive and One Show Entertainment.</h3>
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3 years ago
List one thing you SHOULD do if your car loan suddenly becomes too expensive.
Sphinxa [80]

Answer:

Modify Your Auto Loan.

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2 years ago
A company currently sells products in the United States and is considering expanding to China or Vietnam. Expanding won't impact
mariarad [96]

Answer: Company should not expand to either.

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China:

= ∑(Probability of outcome * Outcome)

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