Register

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. Decrease of $2,000 …

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. Decrease of $2,000 …
asked 53.5k views
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?

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

asked
User Pirkil
by
7.9k points

1 Answer

4 votes
i believe the answer would be A.
answered
User Jim Maas
by
7.8k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Link Copied!