Question and answer
If owner's equity and liabilities increased during the period, then assets must also have increased. (Points : 3) a True b False
Question
Asked 5/4/2013 6:27:29 PM
Updated 8/3/2015 12:01:21 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Unflagged by jeifunk [8/3/2015 12:01:18 PM], Flagged by jeifunk [8/3/2015 12:01:21 PM]
Get an answer
Original conversation
User: If owner's equity and liabilities increased during the period, then assets must also have increased. (Points : 3) a True b False

Weegy: The accounting equation is expressed as: A. Assets = liabilities + owner's equity.
Expert answered|torngal68|Points 0|

Question
Asked 5/4/2013 6:27:29 PM
Updated 8/3/2015 12:01:21 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Unflagged by jeifunk [8/3/2015 12:01:18 PM], Flagged by jeifunk [8/3/2015 12:01:21 PM]
New answers
Rating
3
If owner's equity and liabilities increased during the period, then assets must also have increased. TRUE
Added 8/3/2015 8:00:10 AM
This answer has been confirmed as correct and helpful.
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
The trial balance (Points : 3) a shows the current date. b shows only debit balances. c shows only credit balances. d lists only accounts that are used to prepare the balance sheet
Weegy: The answer is D. List of accounts that are used to prepare the balance sheet (More)
Question
Expert Answered
Updated 8/3/2015 6:27:32 AM
1 Answer/Comment
The trial balance shows the current date.
Added 8/3/2015 6:27:31 AM
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [8/3/2015 7:57:59 AM]
27,712,835
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
Simplify this expression: 19 – (–8) – (–14) = ? A. ...
Weegy: 19 ? ( 8) ? ( 14) User: 13 + (–12) – (–5) = ?
11/14/2018 4:26:05 PM| 3 Answers
Louis Napoleon Bonaparte was the of Napoleon Bonaparte.
Weegy: Louis Napoleon Bonaparte was the first President of the French Republic and the last monarch of France. User: ...
11/15/2018 10:10:16 AM| 3 Answers
Anxiety, moodiness, and feeling scared about the future are all ...
Weegy: Anxiety, moodiness, and feeling scared about the future are all common signs of Distress. User: Distress is a ...
11/19/2018 1:32:28 PM| 2 Answers
Which sentence has both compound subject and compound objects ...
Weegy: Please provide the options to your question for an accurate answer. An example of a sentence with an abstract ...
11/11/2018 7:17:52 AM| 1 Answers
S
L
R
P
R
P
R
P
R
P
R
P
Points 739 [Total 2847] Ratings 4 Comments 699 Invitations 0 Offline
S
L
Points 712 [Total 712] Ratings 0 Comments 712 Invitations 0 Offline
S
L
R
Points 635 [Total 1356] Ratings 3 Comments 605 Invitations 0 Offline
S
Points 61 [Total 61] Ratings 0 Comments 61 Invitations 0 Offline
S
Points 37 [Total 37] Ratings 0 Comments 37 Invitations 0 Offline
S
Points 31 [Total 31] Ratings 1 Comments 11 Invitations 1 Offline
S
Points 20 [Total 20] Ratings 0 Comments 0 Invitations 2 Offline
S
Points 19 [Total 34] Ratings 1 Comments 9 Invitations 0 Offline
S
Points 13 [Total 13] Ratings 0 Comments 3 Invitations 1 Offline
S
P
L
Points 11 [Total 137] Ratings 0 Comments 11 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.