If Total Liabilities Increased by $6,000 and the Assets Increased

question 17

Multiple Choice

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)Increase of $2,000
• B)Decrease of $2,000
• C)Increase of $10,000
• D)Decrease of $10,000

---

Definitions:

Experimental Research

A research method involving the manipulation of variables to test hypotheses and determine cause-and-effect relationships.

Selection Bias

A distortion of statistical analysis results due to the method of collecting samples, which might not be representative of the entire population.

Comparable

Similar or equivalent in some respects, though not identical, typically used for assessment or comparison.