Question

If during the current year, liabilities of hayden travel decreased by $50,000 and owners' equity increased by $75,000, then:

Answer 1

The answer is "then assets increased during the year by $25,000".

liabilities of Hayden travel decreased by = $50,000
owners' equity increased by = $75,000
assets increased during the year = $75,000 - $50,000
= $25,000