Topic: Dionne's Business Accounting
During the current year, Sue Shells, Incorporated’s total liabilities decreased by $25,000 and stockholders' equity increased by $5,000. By what amount and in what direction did Sue’s total assets change during the same time period?

Multiple Choice
$20,000 decrease.
$30,000 increase.
$20,000 increase.
$30,000 decrease.

Topic: Dionne's Business Accounting
the bookkeeper for a plant nursery, a newly formed corporation. The plant nursery had the following transactions for their business:
    Four shareholders contributed $60,000 ($15,000 each) in exchange for the plant nursery's common stock.
    The plant nursery purchases inventory for $10,000. The plant nursery paid cash for the invoice. 

What are the effects on the plant nursery's accounting equation?