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3 years ago

During February, assets increased by 87000 and liabilities increased by 31000 . Equity must have:___________.

Business

1 answer:

Pie3 years ago

3 0

Answer:

a. increased by $56,000

Explanation:

General accounting equation ;

Assets = Liabilities + Owners equity

Owners equity = Assets - Liabilities.

Therefore,

Increase in stockholder's equity

= $87,000 - $31,000

= $56,000

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3 years ago

Q 6.20: Switzer, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $600 and orig

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3 years ago

Read 2 more answers

Bryce co. sales are $914,000, variable costs are $498,130, and operating income is $196,000. what is the contribution margin rat

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Sales: $914,000

Variable Costs: $498,130

Operating Income: $196,000

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Contribution Margin Ratio = (Sales – Variable Costs) / Sales

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3 years ago

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3 years ago

During​ February, assets increased by 87000 and liabilities increased by 31000 . Equity must have:___________.

During February, assets increased by 87000 and liabilities increased by 31000 . Equity must have:___________.