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19-08-2020
Business

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If the liabilities of a business increased $105,000 during a period of time and the Stockholders' Equity in the business decreased $45,000 during the same period, the assets of the business must have

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ewomazinoade ewomazinoade

20-08-2020

Answer:

Assets increased by $60,000

Explanation:

Accounting information : Stockholders' Equity = Assets - Liabilities

Assets = Stockholders' Equity + Liabilities

$105,000 - $45,000 = $60,000

Assets increased by $60,000

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