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

Question

Gaven Blair

31 October, 10:27

+1

Answers (1)

Know the Answer?

Landen Chan · Answer 1

Landen Chan 31 October, 13:05

0

I believe the answer would be A.

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