Question: During February, assets increased by $ 8 1 , 0 0 0 and liabilities increased by $ 2 8 , 0 0 0 . Equity

During February, assets increased by $81,000 and liabilities increased by $28,000. Equity must have
A. decreased by $109,000.
B. decreased by $53,000.
C. increased by $53,000.
D. increased by $109,000.
 During February, assets increased by $81,000 and liabilities increased by $28,000.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!