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If total assets decreased by 88000 during a period of time and owners equity increased by 65000 during the same period then the amount and direction of the period's change?

If total assets decreased by $88,000 during a period of time and owner's equity increased by $65,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is d. $153,000 decrease


How do you decrease a liability?

Liabilities are decreased by a debit entry...typically a cash payment (Dr. the liability; Cr. Cash)


How do you describe liabilities decreased?

Liabilities decreased when a company reduces its obligations to creditors or other parties, often through paying off debts, renegotiating terms, or eliminating contingent liabilities. This reduction can improve a company's financial health, as it lowers the total debt burden and enhances liquidity. A decrease in liabilities can also be a positive indicator for investors, suggesting better management of resources and financial stability.


If your total liabilities decrease by 46000 and owners equity increased by 60000 during the same period what is the amount and increase or decrease of the total change in assets?

To determine the change in total assets, we can use the accounting equation: Assets = Liabilities + Owners' Equity. If total liabilities decrease by $46,000 and owners' equity increases by $60,000, the net change in assets would be a decrease of $46,000 plus an increase of $60,000, resulting in a total increase of $14,000 in assets.


What does a debit signify a decrease in?

A debit will decrease turnover, liabilities, and equity.

Related Questions

If total assets decreased by 88000 during a period of time and owners equity increased by 65000 during the same period then the amount and direction of the period's change?

If total assets decreased by $88,000 during a period of time and owner's equity increased by $65,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is d. $153,000 decrease


Is leukemia cancer increase or decrease?

it has increased more that it decreased


How do you decrease a liability?

Liabilities are decreased by a debit entry...typically a cash payment (Dr. the liability; Cr. Cash)


If total liabilities increased y 4000 then?

Assets increase by $4,000.00 Owner's Equity must decrease by $4,000.00


How do you describe liabilities decreased?

Liabilities decreased when a company reduces its obligations to creditors or other parties, often through paying off debts, renegotiating terms, or eliminating contingent liabilities. This reduction can improve a company's financial health, as it lowers the total debt burden and enhances liquidity. A decrease in liabilities can also be a positive indicator for investors, suggesting better management of resources and financial stability.


How could you alter the viscosity of honey?

The viscosity is decreased by adding water and is increased by a decrease of temperature.


What factors affect the release of oxygen from oxyhemoglobin?

-Decreased pH -Increased Temperature -Increased Pco2


If a guy takes birth control pills for a month what would happen?

Decreased hair, increased breast tissue, decreased sex drive, increased risk of endocrine problems, decrease in testicle size.


When corporations retire or pay off loans from commercial banks do excess reserves increased or decreased?

DECREASE


What will be the increase or decrease percent if a no is increased by 20 percent and then decreased by 20 percent?

There will be an overall increase in the first number.


What happens to power if piston diameter is changed?

If the size of the piston is increased, the power will increase. If it is decreased, the power will decrease.


If your total liabilities decrease by 46000 and owners equity increased by 60000 during the same period what is the amount and increase or decrease of the total change in assets?

To determine the change in total assets, we can use the accounting equation: Assets = Liabilities + Owners' Equity. If total liabilities decrease by $46,000 and owners' equity increases by $60,000, the net change in assets would be a decrease of $46,000 plus an increase of $60,000, resulting in a total increase of $14,000 in assets.