If the Assets of a Business Increased $15,000 During a Period

question 12

Multiple Choice

If the assets of a business increased $15,000 during a period of time and its equity decreased $4,000 during the same period,liabilities in the business must have:

• A)Increased $11,000
• B)Decreased $11,000
• C)Increased $19,000
• D)Decreased $19,000
• E)Increased $61,000