Do liabilities and equity decrease your assets or do they increase them?

Question

for example, If total liabilities increased by $15,000 and owner’s equity increased by $5,000 during a period of time, then total assets must change by what amount and direction during that same period?

in would be 20,00- dollars but dies the total assets increase by 20000 or decrease by 20000

Answer 1

Use the core accounting equation as the base for this solution: Assets = Liabilities + Shareholder's equity.

Assuming the increase in liabilities and equity is due to the same transaction, assets would INCREASE by $20,000. Each change in liabilities/equity must be offset by the other factors in the equation.