If the Liabilities of a Company Increased $92,000 During a Period

question 52

Short Answer

If the liabilities of a company increased $92,000 during a period of time and equity in the business decreased $30,000 during the same period,did the assets of the company increase or decrease and by what amount?

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Definitions:

Withstand Pain

The ability or capacity to endure pain or hardship without giving way.

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A developmental period in humans from birth up to approximately 8 years old, marked by rapid physical, cognitive, and emotional growth.

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A trance-like state of focussed attention, increased suggestibility, and vivid fantasies, often used for therapeutic purposes.

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