Hodges, Inc $$\begin{array} { l l } \$56,327 & \text { Asset } \\\$28,416 & \text { Iiabilities }\end{array}$$

question 75

Multiple Choice

Hodges, Inc. had the following assets and liabilities as of September 30, 2013 $$\begin{array} { l l } \$56,327 & \text { Asset } \\\$28,416 & \text { Iiabilities }\end{array}$$ If assets increased by $3,914 and equity increased by $2,290 during October, what is the increase or decrease in liabilities of Hodges as of October 31, 2013?

• A) ($1,624)
• B) $1,624
• C) $6,204
• D) ($6,204)