If a company's total assets decreased while liabilities and common stock were unchanged, and no dividends were paid, then
A)cash flow from operating activities was greater than cash flow from investing activities.
B)retained earnings were less than net income during the period.
C)revenues were less than expenses.
D)the company must have purchased assets with cash.

Question

Quizplus · Accepted Answer

If a company's total assets decreased while liabilities and common stock were unchanged, retained earnings must have decrease

If a Company's Total Assets Decreased While Liabilities and Common