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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?

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?
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3 votes
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?

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User Calculator
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1 Answer

6 votes
the owner has $2,000 more in assets. therefor the equity increased by 2,000
answered
User Dov Rine
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