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Enable Editing en contain viruses. Unless you need to edit, it's safer to stay in Protected View A) a distribution of the company's earnings to its stockholders B) equal to liabilities mimus stockholders' equity. C) equal to assets minus stockholders' equity D) equal to revenues less expenses 8. If total liabilities increased by $30,000 and stockholders' equity increased by $20,000 during a period of time, then total assets must change by what amount and direction during that same period? A) $50,000 decrease B) $10,000 decrease C) $10,000 increase D) $50,000 increase 9. Which of the following will not cause a change in the stockholders' equity of a business? A) An increase in cash. B) An increase in retained earnings. C) The sale of common stock. D) The declaration and payment of dividends. 10. Collection of a $1,000 Accounts Receivable A) increases an asset $1,000; decreases an asset $1.000. B) increases an asset $1,000; decreases a liability $1,000. c) decreases a liability S1,000; increases stockholders' equity $1,000. D) decreases an asset $1,000 decreases a liability $1,000 11. As of December 31, 2015, Calexico Company has assets of 542,000 and stockholders equity of $20,000. What are the liabilities for Calexico Company as of December 31, 2015? Focus o

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