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:

Employees

Individuals who are hired by a company or organization to perform specific duties in exchange for compensation.

Time Management

The process of planning and exercising conscious control over the amount of time spent on specific activities, to increase effectiveness, efficiency, or productivity.

Challenges

Challenges are difficulties that require effort or skill to overcome.

Productivity

The efficiency of work, particularly in industrial settings, is gauged by the amount of output generated per input unit.