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

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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

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