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Which of the Following Represents the Accounting Equation

Question 62

Multiple Choice

Which of the following represents the accounting equation?


A) Assets = Liabilities + Owners' Equity
B) Owners' Equity = Assets + Liability
C) Liability = Assets + Owners' Equity
D) Assets = Liabilities - Owners' Equity
E) Assets = Liabilities × Owners' Equity

Correct Answer:

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