Homework Answers
Your required answer is option B i.e. $142,000 Increase
Explanation:
As we know
Assets = Liabilities + Stockholder's Equity
Therefore if there is an increase in Liabilities and stockholders' Equity then it will also increase the Assets with the same amount (Sum of Liabilites and stockholders' Equity)
Increase in Assets = $93,000 + $49,000
Increase in Assets = $142,000
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