of time and equity $79,556 decrease $79,556 increase

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Question

of time and equity $79,556 decrease $79,556 increase

business accounting

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Answer 1

Answer #1

$ 79,556 decrease

As per balance sheet formula,

	Total liabilities	=	Total assets - Total Stockholder's Equity

	So,
	Change in liabilities	=	Change in assets - Change in stockholder's Equity
		=	$ -51,365	-	$ 28,191
		=	$ -79,556

	So,
	Total liabilities are decreased by $ 79,556

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Answer 2

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