9. If total assets decreased by RM10,500 and owner's equity increased by RM3,000 during the same period, then the amount and direction of the period's change in total liabilities is A. RM13,500 increase B. RM7,500 decrease c. RM7,500 increase D. RM13,500 decrease
9. If total assets decreased by RM10,500 and owner's equity increased by RM3,000 during the same period, then the amount and direction of the period's change in total liabilities is A. RM13,500 increase B. RM7,500 decrease c. RM7,500 increase D. RM13,500 decrease
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter3: Basic Accounting Systems: Accrual Basis
Section: Chapter Questions
Problem 3.23E: Adjustment for depreciation The estimated amount of depredation on equipment for the current year is...
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