If the assets of a business increased $89,000 during a period of time and its liabilities increased $67,000 during the same period, equity in the business must have:

equity in the business increase by $22000

Explanation:

given

assets  increased = $89,000

liabilities increased =  $67,000

solution

equity in the business increase by $22000

because we know that by the accounting equation

assets is equal to liability + shareholder equity 1

so when assets is increase then increase in shareholder or liability or increase in combination or decrease in asset

so here given assets increase $89000

so it must be as per given liability increase by $67000

so balance will be = $89000- $67000 = $22000

it will either increase equity or the decrease in another assets

so here equity in the business increase by $22000

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.

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