Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. -.if total liabilities decreased by $ 22,000 durin

-.If total liabilities decreased by $ 22,000 during a period and owner's equity increased by...

60.1K

Verified Solution

Question

Accounting

image
-.If total liabilities decreased by $ 22,000 during a period and owner's equity increased by $ 6,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is: $ 16,000 increase $ 16,000 decrease $ 6,000 decrease $ 6,000 increase

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Why could GMOs have a different impact on the environment from genetically engineered bacteria used to...

Biology
Q

B A Zero C 2r Five conducting large parallel plates each of area A are...

Physics
Q

In the given figure a mass M is attached to a horizontal spring which is...

Physics
Q

A sector has an area of 18 square centimeters and is defined by a circle...

Geometry
Q

Solve the problem.An appliance company determines that in order to sell x dishwashers, the price...

Calculus
Q

Write the equation for the oblique asymptote f x 4x 3x 3x 2 x 1

Algebra
Q

What is the Enterprise Value of this company? ...

Accounting
Q

Retained Earings Statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results...

Accounting
Q

What organization/association publishes the MasterFormat? Compare the two different MasterFormat editions used in the construction...

Accounting
Q

On January 1, 2020, Vin Corporation has 100,000 shares of $20 par value ordinary share...

Accounting
Q

3. The Yummy Bread Company recently includes new machine to process and produce the own...

Finance
Q

Jorge and Anita, married taxpayers, earn $148,500 in taxable income and $62,000 in interest from...

Accounting