If the Liabilities of a Company Increased $92,000 During a Period

question 166

Short Answer

If the liabilities of a company increased $92,000 during a period of time and equity in the business decreased $30,000 during the same period, did the assets of the company increase or decrease? By what amount?

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Definitions:

Post-Anesthesia Care

The immediate care and monitoring of patients recovering from anesthesia to ensure safety and manage pain or complications.

Operative Table

A table specifically designed for patients to lie on during surgical procedures, usually adjustable for different positions.

Intravenous Catheter

A medical device inserted into a vein to deliver fluids, medications, or nutrients directly into the bloodstream, or to draw blood.

Anticoagulant

A substance that prevents blood clotting, often used in medical treatments to prevent strokes and heart attacks.