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

if total liabilities decreased by $22,000 during a period of time and owner's equity increased...

80.2K

Verified Solution

Question

Accounting

if total liabilities decreased by $22,000 during a period of time and owner's equity increased by $29,000 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is:

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

By definition, an infection results from a parasitic relationship between a microbe and its host.  That is, harm...

Biology
Q

A 63 kg man weighs himself at the north pole and at the equator. Assume the...

Physics
Q

As a leader, how can you best utilize quality assurance and quality control to best improve your...

Advance Math
Q

1 point dy dx parameter Find and d at the given point without eliminating the...

Calculus
Q

Short Answer Clearly indicate the necessary steps including appropriate formulas and substitutions A correct numerical...

Algebra
Q

This question has two parts Circle S has a radius of 10 centimeters and contains...

Algebra
Q

Daniel Simmons arrived at the following tax information: $ 200 45,520, Gross salary $ Interest...

Accounting
Q

Please help me fill in what is left on the account affecting the: (impact on...

Accounting
Q

The financial perspective of the balanced scorecard indicates how the organization is of value to...

Accounting
Q

Home

Finance
Q

don't understand this. Last year [year 1], we decided to drop our highest-end Red model...

Accounting
Q

A company has just paid a dividend of 2.79$. Its discount rate is 11.8%, and...

Finance