Solution-Compute the amount and direction of the period

Compute the amount and direction of the period change

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Reference no: EM132671778

Question - If total assets decreased by $49,947 during a period of time and stockholders' equity increased by $27,535 during the same period, then compute the amount and direction (increase or decrease) of the period's change in total liabilities?

a. $77,482 increase

b. $49,947 decrease

c. $77,482 decrease

d. $23,834 increase

Reference no: EM132671778

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Compute the amount and direction of the period change

Reference no: EM132671778

Reference no: EM132671778

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