If the liabilities of a business increased $86,000 during a period of time and equity in the business decreased $23,000 during the same period,enter the appropriate amounts for this activity in the accounting equation format shown below.
Definitions:
Marginal Cost
The additional cost incurred by producing one more unit of a product or service, highlighting how costs vary with production levels.
Utility
A measure of satisfaction or pleasure derived from consuming goods or services.
Satisfaction
The contentment or fulfillment a consumer feels after purchasing and using a product or service.
Purposeful Behavior
Actions taken by individuals or entities aimed at achieving specific goals or outcomes, based on rational decision-making processes.
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