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If total liability increased by 6,000 and the assets increased by 8,000 during the accounting period what is the change in the owners equity amount
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If total liability increased by 6,000 and the assets increased by 8,000 during the accounting period what is the change in the owners equity amount

If total liability increased by 6,000 and the assets increased by 8,000 during the-example-1
User Ericharlow
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Owner's equity=assets-liabilities
Owner's equity=8000-6000
Owner's equity=2000

So the answer is a

Hope it helps!
User Marcelo Santos
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