If the Liabilities of a Business Increased $86,000 During a Period

question 237

Essay

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.
$$\begin{array} { | c | c | c | } \hline \text { Assets } = & \text { Liabilities } + & \text { Equity } \\\hline & & \\\hline\end{array}$$

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Creativity

The ability or power to create, characterized by the use of imagination or original ideas to create something; inventiveness.

Frankfurt School

A social and philosophical movement in Germany in the early 20th century that focused on the role of culture in maintaining societal power structures, marked by a critical theory of society.

Cultural Studies

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Critical Theory

A philosophical approach to culture, literature, and art that seeks to confront social, historical, and ideological forces and structures.