If the Assets of a Business Increased $89,000 During a Period

question 50

Multiple Choice

If the assets of a business increased $89,000 during a period of time and its liabilities increased $67,000 during the same period, equity in the business must have:

• A) Increased $22,000.
• B) Decreased $22,000.
• C) Increased $89,000.
• D) Decreased $156,000.
• E) Increased $156,000.

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Definitions:

Cerebral Cortex

The outer layer of neural tissue of the cerebrum of the brain, involved in multiple high-level functions like perception, thought, and memory.

Parietal Lobes

Regions of the brain located behind the frontal lobes that are responsible for processing sensory information from various parts of the body, understanding spatial orientation, and managing navigation.

Occipital Lobes

Structures located at the back of the head that respond to visual stimuli.

Cerebellum

Part of the brain located at the back of the skull that is responsible for coordinating voluntary movements and maintaining balance and posture.