Question
If the assets of a business increased $89,000 during a period of time and its liabilities decreased $67,000 during the same period, equity in the
If the assets of a business increased $89,000 during a period of time and its liabilities decreased $67,000 during the same period, equity in the business must have:
Multiple Choice
Increased $89,000.
Increased $156,000.
Decreased $22,000.
Decreased $156,000.
Increased $22,000.
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Acca F7 Financial Reporting Practice And Revision Kit
Authors: BPP Learning Media
1st Edition
1472726898, 978-1472726896
