f0rs4k3n5ub66 f0rs4k3n5ub66

24-04-2017
Business

contestada

If total liabilities increased by $ 2,000 and the assets increased by $2,000 during the accounting period, what is the change in the owner's equity amount?

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fayebarbette fayebarbette

24-04-2017

The owner's equity amount should also increase by $2000

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Aliwohaish12 Aliwohaish12

24-04-2017

Assets=liability+owners equity
So according to the equation above owner's equity remains constant it will not change

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