Answer:
An increase of $9,833
Explanation:
The accounting equation defines the relationship between the elements of the balance sheet. These are the asset , liabilities and equity. It is given as
Assets = Liabilities + Equity
Given that total liabilities decreased by $24,119 during a period of time and stockholders' equity increased by $33,952 during the same period,
Effect on asset
= - $24,119 + $33,952
= + 9833
The amount and direction (increase) of the periods change in total assets is an increase of $9833.
