Ask Question
13 October, 03:59

If total assets decreased by $88,000 during a period of time and owner's equity increased by $71,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities would be a (n) Select one: a. $159,000 decrease b. $17,000 increase c. $88,000 decrease d. $159,000 increase

+1
Answers (1)
  1. 13 October, 06:28
    0
    total liabilities would be

    a. $159,000 decrease

    Explanation:

    D C

    Total Assets decrese 88.000,00

    Total liabilities decrese 159.000,00

    Total equity increase 71.000,00
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If total assets decreased by $88,000 during a period of time and owner's equity increased by $71,000 during the same period, then the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers