Question

during the current year, sue shells incorporated total liabilities decreased by $25,600 and stockholder equity increased by $4,700. by what amount and in what direction did sue's total assets change during the same time period?

Answer 1

$20,900 decrease.

Step-by-step explanation:

During the current year, Sue Shells, Inc.'s total liabilities decreased by $25,600 and stockholders' equity increased by $4,700. By what amount and in what direction did Sue's total assets change during the same time period? $20,900 decrease.