If total liabilities increased by ¥21,000 during a period of time and equity decreased by ¥9,000 during the same period, then the amount and direction of the period's change in total assets is a(n)
A) ¥21,000 increase.
B) ¥30,000 increase.
C) ¥12,000 decrease.
D) ¥12,000 increase.
Correct Answer:
Verified
Q86: Which of the following is not an
Q93: Liabilities of a company are owed to
A)
Q95: The proprietorship form of business organization
A) must
Q101: If total liabilities decreased by ¥30,000 and
Q103: If total liabilities decreased by ¥30,000 and
Q105: Equity can be described as
A) creditorship claim
Q105: As of December 31, 2011, Dolce &
Q106: Revenues would not result from
A) sale of
Q109: The basic accounting equation cannot be restated
Q109: If total liabilities increased by ¥30,000 and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents