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Alexxandr [17]
3 years ago
7

If assets have decreased by $4,000, or stockholders' equity has increased by $4,000, then total liabilities must have A : increa

sed by $2,000. B : increased by $4,000. C : decreased by $4,000. D : decreased by $2,000.
Business
1 answer:
patriot [66]3 years ago
5 0

Answer:

C : decreased by $4,000

Explanation:

As we know that

The accounting equation is

Total assets = Total liabilities + stockholder equity

To balance the balance sheet we use the accounting equation

That means the total assets is equal to the sum of the total liabilities and the stockholder equity

Since in the given situation, the assets decreased by $4,000 or if the stockholder equity has increased by $4,000 so the total assets must also decreased by $4,000 itself

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Transferring risk

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2 years ago
A developer purchased three oceanfront lots, each measuring 75 by 110 feet, for $20 per square foot. The developer later sold th
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3 years ago
he income statement columns in the end-of-period spreadsheet show that debits are equal to $26,754 and credits are $68,142. what
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The information that the statement columns in the end-of-period spreadsheet mean to the accountant is the accounts have not been updated and a net income of $41,388. The correct option is b and c.

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#SPJ4

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