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Homework: HW 1 Score: 0 of 5 pts 6 of 8 (6 complete) HW Score: E1-24B (book/static) Aricho Deli had $94,000 of total assets and
Homework: HW 1 Score: 0 of 5 pts 6 of 8 (6 complete) HW Score: E1-24B (book/static) Aricho Deli had $94,000 of total assets and $10,000 of total stockholders' equity at July 31, 2018. At July 31, 2019, Amicho Deli had assets totaling $151,000 and stockholders' equity totaling $112,000. After analyzing the data, answer the following questions: 1. What was the amount of the increase or decrease in liabilities during 2019? 2. Identify a possible reason for the change in liabilities during the year. 1. What was the amount of the increase or decrease in liabilities during 2019? (Do not use parentheses or a minus sign to show a decrease) Liabilities during the year by $ )
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