If Liabilities Increase £3,000 During a Given Period and Owner's

question 23

Multiple Choice

If liabilities increase £3,000 during a given period and owner's equity decreases £1,000 during the same period,the assets must have:

• A) Increased by £3,000
• B) Increased by £2,000
• C) Decreased by £3,000
• D) Decreased by £2,000

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Definitions:

Technical Skills

The expertise and competencies required to perform specific tasks in fields such as IT, engineering, or other specialized areas.

Organizational Unit

Represents a subdivision within an organization designed to carry out specific functions or responsibilities.

Specialized Activities

Tasks or projects that require specific skills or knowledge, distinct from general or routine operations.

Need For Power

A psychological drive that represents the desire to control or influence others.