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30 September, 07:06

If total liabilities increased by $ 2,000 and the assets increased by $2,000 during the accounting period, what is the change in the owner's equity amount?

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Answers (2)
  1. 30 September, 07:16
    0
    Assets=liability+owners equity

    So according to the equation above owner's equity remains constant it will not change
  2. 30 September, 07:21
    0
    The owner's equity amount should also increase by $2000
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