if total liabilities decreased by $23,894 during a period of time and owner's equity increased by $31,570 during the same period, the amount and direction (increase or decrease) of the period's change in total assets would be a a. $7,676 increase b. $23,894 decrease c. $7,676 decrease d. $23,894 increase

if total liabilities decreased by $23,894 during a period of time and owner's equity increased by $31,570 during the same period, the amount and direction (increase or decrease) of the period's change in total assets would be a a. $7,676 increase b. $23,894 decrease c. $7,676 decrease d. $23,894 increase

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter16: Statement Of Cash Flows: Another Look

Section: Chapter Questions

Problem 18P

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