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If the liabilities of a company increased $74,000 during a period of time and equity in the company decreased $19,000 during the same period, what was the effect on the assets?

a. assets would have increased $55,000.
b. assets would have decreased $55,000.
c. assets would have increased $19,000.
d. assets would ha g

User Lorenzo S
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Change in Assets = Change in Liabilities + Change in Owner's Equity
Change in Assets = $74,000 + (-$19000) = +$55000

A is the answer
User Larissa Cury
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