If the Assets of a Business Increased $9,000 During a Period

question 22

Multiple Choice

If the assets of a business increased $9,000 during a period of time and its liabilities increased $5,000 during the same period, equity in the business must have

• A) Increased $14,000
• B) Decreased $14,000
• C) Increased $4,000
• D) Decreased $4,00
• E) Decreased $6,000.

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Definitions:

Golgi Bodies

Membrane-bound structures in cells involved in modifying, sorting, and packaging proteins and lipids for secretion or use within the cell.

Neurons

Specialized cells in the nervous system that transmit information throughout the body using electrical and chemical signals.

Polypeptide

A polypeptide is a chain of amino acids linked by peptide bonds, which can function as hormones, enzymes, or structural components of cells.

Amino Acid

The building blocks of proteins, consisting of a basic amino group, an acidic carboxyl group, and a side chain specific to each type of amino acid.