If assets are increased by 2,000$ and liabilities are decreased by 5.000S. How much is the change on owner's equity? A.

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

If assets are increased by 2,000$ and liabilities are decreased by 5.000S. How much is the change on owner's equity? A.

Post by answerhappygod »

If assets are increased by 2,000$ and liabilities are decreased
by 5.000S.
How much is the change on owner's equity?
A. An increase of 3,000
B. An increase of 7,000
C. A decrease of 7,000
D. A decrease of 3,000
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”