Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
Bartleby Related Questions Icon

Related questions

Question

equity in the business must have:??

If the assets of a business increased $89,000 during a period of time and its
liabilities increased $67,000 during the same period, equity in the business must
have:
a. Decreased $22,000.
b. Decreased $156,000.
c. Increased $22,000.
d. Increased $89,000.
e. Increased $156,000.
expand button
Transcribed Image Text:If the assets of a business increased $89,000 during a period of time and its liabilities increased $67,000 during the same period, equity in the business must have: a. Decreased $22,000. b. Decreased $156,000. c. Increased $22,000. d. Increased $89,000. e. Increased $156,000.
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Principles of Accounting Volume 2
Accounting
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax College