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Question 12 Not yet answered Marked out of 2.00 Flag question Assume the total assets equal $800000 and the total liabilities equal $500000 at the

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Question 12 Not yet answered Marked out of 2.00 Flag question Assume the total assets equal $800000 and the total liabilities equal $500000 at the end of 2015. During 2016, the total assets increased by 10% and total owner equity increased by 20%, what is the total amount of liabilities at the end of 2016? Select one: O a. 520000 O b. 530000 O c. None of given choices O d. 640000

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