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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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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:___________.