If total liabilities increased by $4,000, then:

DEleiwa

Save to bookmark

2022-05-10

250

assets must have decreased by $4,000.
owner\'s equity must have increased by $4,000.
assets must have increased by $4,000, or owner\'s equity must have decreased by $4,000.
assets and owner\'s equity each increased by $2,000

Accounting, MCQ Questions, Accounting MCQ-questions,

DEleiwa

2022-05-10

need an explanation for this answer? contact us directly to get an explanation for this answer

c. assets must have increased by $4,000, or owner's equity must have decreased by $4,000

need an explanation for this answer? contact us directly to get an explanation for this answer

total answers (1)