Solved

If Total Liabilities Increased by $6,000 and the Assets Increased

Question 17

Multiple Choice

If total liabilities increased by $6,000 and the assets increased by $8,000 during the accounting period,what is the change in the owner's equity amount?


A) Increase of $2,000
B) Decrease of $2,000
C) Increase of $10,000
D) Decrease of $10,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions