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If total liabilities increased by $77000 during a period of time and stockholders’ equity decreased by $43500 during the same period, then the amount and direction (increase or decrease) of the period’s change in total assets is a(n)

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Answer: Assets increased by $33,500

Explanation:

Assets = Liabilities + Equity

Liabilities increased by $77,000

Equity decreased by $43,500

Difference = 77,000 - 43,500

= $33,500

Assets increased by $33,500

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