When recording depreciation, which of the followingstatements is true?a. Total assets increase and stockholders’ equityincreases.b. Total assets decrease and total liabilities increase.c. Total assets decrease and stockholders’ equityincreases.d. None of the above are true

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 11MC: Which of the following would trigger a subtraction in the indirect operating section? A. gain on...
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When recording depreciation, which of the following
statements is true?
a. Total assets increase and stockholders’ equity
increases.
b. Total assets decrease and total liabilities increase.
c. Total assets decrease and stockholders’ equity
increases.
d. None of the above are true

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