If the Liabilities of a Business Increased $60,000 During a Period

question 102

Essay

If the liabilities of a business increased $60,000 during a period of time and equity in the business decreased $18,000 during the same period, would the assets of the business have increased or decreased? By what amount?

Identify key organizations and agreements that govern international trade.

Recognize the economic importance of international trade to various countries.

Describe the basis for international trade and its effects on economies.

Analyze the impact of trade balances on national economies.

---

Definitions:

Offset

The distance by which a geological feature, such as a fault or layer, is displaced due to tectonic movements.

Termination

The well-defined, commonly sharp end of a crystal.

Horizontal Shear Stresses

Stress on rock formations or materials that occurs parallel to the earth's surface, often leading to deformation or displacement.

Strike-Slip Faults

A type of fault where rock strata are displaced mainly horizontally along the fault plane.