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    Exam 2: Financial Statements: a Window on an Entity
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    What Is the Accounting Equation
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What Is the Accounting Equation

Question 69

Question 69

Multiple Choice

What is the accounting equation?


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

Correct Answer:

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