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La Paz Company Reported the Following Information Which of the Following

Question 29

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La Paz Company reported the following information La Paz Company reported the following information   Which of the following statements is an accurate conclusion about 2014 balances, based on the above data? A) Although assets grew by over 9%, there was very little rise in stockholders' equity. B) Total assets dropped slightly in 2014, but there was a significant reduction in total liabilities. C) The increase in long-term liabilities was offset nearly dollar for dollar by a decrease in current liabilities. D) The nearly 45% decrease in other long-term assets contributed to an overall decline in total assets. Which of the following statements is an accurate conclusion about 2014 balances, based on the above data?


A) Although assets grew by over 9%, there was very little rise in stockholders' equity.
B) Total assets dropped slightly in 2014, but there was a significant reduction in total liabilities.
C) The increase in long-term liabilities was offset nearly dollar for dollar by a decrease in current liabilities.
D) The nearly 45% decrease in other long-term assets contributed to an overall decline in total assets.

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