If the Assets of a Business Increased $89,000 During a Period

question 50

Multiple Choice

If the assets of a business increased $89,000 during a period of time and its liabilities increased $67,000 during the same period, equity in the business must have:

• A) Increased $22,000.
• B) Decreased $22,000.
• C) Increased $89,000.
• D) Decreased $156,000.
• E) Increased $156,000.

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Definitions:

Mathematical Expression

A combination of numbers, symbols, and operators that represent a mathematical value or relationship.

Simplification

The process of reducing expressions into their simplest form by performing operations and combining like terms.

Simplification

The process of altering a mathematical expression to make it easier to understand or work with, often by combining like terms or applying mathematical laws.

Mathematical Expression

An arrangement of numbers, symbols, and operators designed to represent a value or concept in mathematics.