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Volgvan
3 years ago
10

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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