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If total liability increased by 6,000 and the assets increased by 8,000 during the accounting period what is the change in the owners equity amount
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If total liability increased by 6,000 and the assets increased by 8,000 during the accounting period what is the change in the owners equity amount
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Sep 2, 2018
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If total liability increased by 6,000 and the assets increased by 8,000 during the accounting period what is the change in the owners equity amount
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Ericharlow
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Owner's equity=assets-liabilities
Owner's equity=8000-6000
Owner's equity=2000
So the answer is a
Hope it helps!
Marcelo Santos
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Sep 7, 2018
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Marcelo Santos
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