Ask Question
15 January, 19:48

During the year, assets increased by $20,000 and stockholders' equity increased by $15,000. What was the increase in liabilities?

+5
Answers (1)
  1. 15 January, 23:25
    0
    The increase in liabilities is $5000

    Explanation:

    Assets = liabilities + owner's equity

    20,000 = liabilities + 15000

    Therefore

    Liabilities = $20000 - $15000 = $5000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “During the year, assets increased by $20,000 and stockholders' equity increased by $15,000. What was the increase in liabilities? ...” 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