If total liabilities decreased by $4880, then O stockholders' equity must have decreased by $4880. assets must have decreased by $4880, or stockholders' equity must have increased by $4880. assets and stockholders' equity each increased by $2440. assets must have increased by $4880.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter17: Financial Markets
Section: Chapter Questions
Problem 40P: Many retirement funds charge an administrative fee each year equal to 0.25% on managed assets....
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Raghubhai 

If total liabilities decreased by $4880, then O stockholders' equity must have decreased by $4880. assets must have
decreased by $4880, or stockholders' equity must have increased by $4880. assets and stockholders' equity each increased
by $2440. assets must have increased by $4880.
Transcribed Image Text:If total liabilities decreased by $4880, then O stockholders' equity must have decreased by $4880. assets must have decreased by $4880, or stockholders' equity must have increased by $4880. assets and stockholders' equity each increased by $2440. assets must have increased by $4880.
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