Question
If the assets of a company increase by $75,000 and its liabilities increase by $30,000 during the same year, then the change in equity of
If the assets of a company increase by $75,000 and its liabilities increase by $30,000 during the same year, then the change in equity of the company during the year must have been:
An increase of $105,000.
A decrease of $45,000.
An increase of $45,000.
A decrease of $105,000.
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Internal Auditing Principles And Techniques
Authors: Richard L. Ratliff, W. Wallace, Walter B. Mcfarland, J. Loeboecke
2nd Edition
0894133268, 978-0894133268
