If total liabilities increased by $10300 during a period of time and owner's equity decreased by $25 during the same period, then the amount and direction (increase or decrease) of the period's chang total assets is a(n) O $14800 increase. $35400 increase. O $35400 decrease. O $14800 decrease.

If total liabilities increased by $10300 during a period of time and owner's equity decreased by $25 during the same period, then the amount and direction (increase or decrease) of the period's chang total assets is a(n) O $14800 increase. $35400 increase. O $35400 decrease. O $14800 decrease.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 10MC: The process of reinvesting interest earned to generate additional earnings over time is ________. A....

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Question

If total liabilities increased by $10300 during a period of time and owner's equity decreased by $25100
during the same period, then the amount and direction (increase or decrease) of the period's change in
total assets is a(n)
O $14800 increase.
O $35400 increase.
O $35400 decrease.
O $14800 decrease.

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