Fundamental Financial Accounting Concepts Quizz question If liabilities increases by $16,000, then h

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Fundamental Financial Accounting Concepts

Quizz question

If liabilities increases by $16,000, then have:

Assets decreased by $ 16,000.

Stockholders' equity increased by $ 16,000.

Assets increased by $16,000 or stockholders' equity decreased by $ 16,000.

Assets and stockholders' equity increased by $8,000 respectively.

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