f total assets decreased by $50,556 during a period of time and stockholders' equity increased by $27,692 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is
f total assets decreased by $50,556 during a period of time and stockholders' equity increased by $27,692 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 10CDQ
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If total assets decreased by $50,556 during a period of time and
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