Solved

Which of the Following Represents the Accounting Equation

Question 46

Multiple Choice

Which of the following represents the accounting equation?


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

Correct Answer:

verifed

Verified

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

Related Questions

Q41: Angelina works for a mid-sized manufacturing company.Her

Q42: _ is the owner's initial investment in

Q43: Assets can include intangible possessions such as

Q44: Public accountants typically perform all of the

Q45: Which of the following financial statements shows

Q47: A company's overall operating budget is a

Q48: The current ratio is a type of

Q49: The right side of the balance sheet

Q50: Excel Corporation sells $1,000 worth of goods

Q51: In the United States,_ is primarily responsible