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

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