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If total liabilities increased by $6,000 and the assets increased by $8,000 during the accounting period, what is the change in the owner’s equity amount?
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If total liabilities increased by $6,000 and the assets increased by $8,000 during the accounting period, what is the change in the owner’s equity amount?

User Diziaq
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2 Answers

1 vote
The correct answer to the question is an "Increase of $2,000"
User Webthusiast
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7 votes
The change in owner's equity is $14,000, during the period. This is known by the equation - Assets = Liabilities + Equities.
User Aguy
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6.5k points
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