Multiple Choice
If total liabilities increased by $2,000 and the assets increased by $2,000 during the accounting period,what is the change in the owner's equity amount?
A) No effect on owner's equity
B) Decrease of $4,000
C) Increase of $8,000
D) Decrease of $8,000
Correct Answer:
Verified
Correct Answer:
Verified
Q70: Vic's Mart collects $200 of its accounts
Q71: Which of the following is NOT an
Q73: If Ol' Fashioned Toys' revenues are less
Q74: A business received $3,000 from a customer
Q76: A corporation:<br>A)can continue indefinitely.<br>B)is owned by stockholders.<br>C)has
Q77: Which of the following transactions would cause
Q78: Calculate the total Assets if the company
Q79: Katelyn purchased $10,000 of new electronic equipment
Q80: Which of the following items is NOT
Q83: The left side of the accounting equation