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

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Definitions:

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A tool in graphic design software that allows users to adjust the opacity of an image or graphical element, making it more or less transparent.

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The visual layer found behind the content of a slide in a presentation, which can be colored, textured, or contain images.

Transparency Button

A tool or option in graphic design and presentation software that allows users to adjust the opacity of an element.

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A graphic design option that allows surfaces (like backgrounds or shapes) to be filled with a repeating pattern or texture.