If the Liabilities of a Business Increased $75,000 During a Period

question 191

Multiple Choice

If the liabilities of a business increased $75,000 during a period of time and the owner's equity in the business decreased $30,000 during the same period, the assets of the business must have:

• A) Decreased $105,000.
• B) Decreased $45,000.
• C) Increased $105,000.
• D) Increased $45,000.
• E) Increased $30,000.

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Definitions:

Working Relationships

Professional connections between individuals in a work environment that facilitate collaboration and the achievement of common goals.

Inputs into Outputs

The process of transforming resources, information, or efforts into finished goods or desired results.

Product Outputs

The final products, goods, or services produced by a company or organization as a result of its business operations.

Future Viability

The capacity of an organization or idea to continue to grow, adapt, and succeed over time.