If the Liabilities of a Business Increased $8,000 During a Period

question 220

Multiple Choice

If the liabilities of a business increased $8,000 during a period of time and equity in the business decreased $4,000 during the same period, the assets of the business must have

• A) Decreased $12,000
• B) Decreased $4,000
• C) Increased $12,000
• D) Increased $4,000
• E) Increased $6,000

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Definitions:

Distance Formula

An equation used to determine the distance between two points in a coordinate plane, derived from the Pythagorean theorem.

Collinear

Refers to points lying on the same straight line.

Perimeter

The total distance around the edge of a two-dimensional shape.

Vertices

The corners or points where two or more edges meet in a geometric shape.