Fundamental Financial Accounting Concepts Quizz question – Accounting Equation If the liabilities re

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Fundamental Financial Accounting Concepts

Quizz question

– Accounting Equation

If the liabilities reduce by $ 60,000 and stockholders equity increases by $ 40,000 over a given period, how much does the assets change over the same period and whether it is for increase or decrease?

$ 100,000 decrease.

$ 20,000 decrease.

$ 100,000 increase.

$ 20,000 increase.