The total liabilities of Crane Construction Co. decreased by $81000 during the month of August 2025. Stockholders' equity increased by $41000 during this period. By what amount and in what direction must total assets have changed during August? $81000 decrease • $40000 increase • $122000 increase $40000 decrease
The total liabilities of Crane Construction Co. decreased by $81000 during the month of August 2025. Stockholders' equity increased by $41000 during this period. By what amount and in what direction must total assets have changed during August? $81000 decrease • $40000 increase • $122000 increase $40000 decrease
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The total liabilities of Crane Construction Co. decreased by $81000 during the month of August 2025.
$81000 decrease
• $40000 increase
• $122000 increase
$40000 decrease
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