Topics, 100 Accounting Resources, 100 Lecture List
14. What is the effect on assets if liabilities increase by 80,000 and equity decreases by 50,000?
a. 130,000 increase
b. 130,000 decrease
c. 30,000 increase
d. 30,000 decrease
e. 80,000 increase
Recommendations – Write down the accounting equation. Plug in the numbers and solve for assets
Answer
C
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