Solved

Which of the Following Balance Sheet Equations Is INCORRECT

Question 64

Multiple Choice

Which of the following balance sheet equations is INCORRECT?


A) Assets - Liabilities = Shareholders' Equity
B) Assets = Liabilities + Shareholders' Equity
C) Assets - Current Liabilities = Long Term Liabilities
D) Assets - Current Liabilities = Long Term Liabilities + Shareholders' Equity

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q59: Use the table for the question(s)below.<br>Consider the

Q60: Use the table for the question(s)below.<br>Consider the

Q61: On the balance sheet,short-term debt appears:<br>A)in the

Q62: Use the table for the question(s)below.<br>Consider the

Q63: Use the table for the question(s)below.<br>Consider the

Q65: A 30-year mortgage loan is a:<br>A)long-term liability.<br>B)current

Q66: Use the table for the question(s)below.<br>Consider the

Q67: The inventory days ratio measures:<br>A)the average length

Q68: In addition to the balance sheet,income statement,and

Q69: Use the table for the question(s)below.<br>Consider the