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

question 26

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

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Definitions:

Empowerment

The process of increasing the capacity of individuals or groups to make choices and to transform those choices into desired actions and outcomes.

Parents

Adults who have a child or children, either biologically, through adoption or foster care, or by being a figure of parental guidance.

Communication

The exchange of information, ideas, feelings, or messages between individuals through various means, including verbal, non-verbal, written, and digital channels.

Prioritize Problems

The process of arranging or dealing with problems or tasks in order of importance, to address the most critical or urgent issues first.