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Accounting Final

?

If total liabilities increased by $5,000, then

assets must have decreased by $5,000.
stockholders' equity must have increased by $5,000.
assets must have increased by $5,000, or stockholdersâ€™ equity must have decreased by $5,000.
assets and stockholders' equity each increased by $2,500.

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Correct answer: (C)
assets must have increased by $5,000, or stockholdersâ€™ equity must have decreased by $5,000.

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