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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Question

If 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

Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.

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