ashtonfludd4311 ashtonfludd4311

21-01-2020
Business

contestada

During the year, assets increased by $20,000 and stockholders’ equity increased by $15,000. What was the increase in liabilities?

Respuesta :

agboanthony124 agboanthony124

21-01-2020

Answer:

The increase in liabilities is $5000

Explanation:

Assets= liabilities + owner's equity

20,000= liabilities + 15000

Therefore

Liabilities= $20000 - $15000= $5000

Answer Link

Otras preguntas

Why should earning a bachelor degree be mandatory for all law enformcent and positions personnel carrying firearms

If this money were equally distributed among the world's population of 7.0 billion people, how much would each person receive?

Describe how radio and cd player services might be provided and enhanced by providing them through a communication network?

n exchange for land, a knight agrees to be a sort of sub-vassal to a vassal. This agreement was known as _____. investiture homage tyranny subinfeudation

How did the holocaust affect international law following World War Two

PLEASE HELP ASAP!!! CORRECT ANSWER ONLY PLEASE!!! HOW DO I SAY THIS SENTENCE IN SPANISH WITHOUT THE USE OF A TRANSLATOR PLEASE? I normally wear a long or short

Most americans born before 1970 have a permanent scar on their shoulders from the smallpox vaccine. Why don't younger americans have one?

What is the proper way to record observations in your data tables? What should you do if you make a mistake in your written observations?

Lines 6-16 what steps does the author take to achieve his stated goal

A municipality’s infrastructure includes which of the following? private homes public utilities government school boards