Atlantis Inc.reported the following data: The horizontal report shows that the amount of total liabilities has ________.
A)increased by $22,700
B)increased by $2,500
C)decreased by $2,500
D)increased by $24,000

Question

Atlantis Inc.reported the following data:  The horizontal report shows that the amount of total liabilities has ________.
A)increased by $22,700 
B)increased by $2,500 
C)decreased by $2,500 
D)increased by $24,000

Quizplus · Accepted Answer

The given data does not provide information on the total liabilities in any of the reporting periods. Therefore, we cannot determine the change in total liabilities.