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.
Correct Answer:
Verified
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