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    Intermediate Financial Management Study Set 2
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    Exam 7: Accounting for Financial Management
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    On the Balance Sheet, Total Assets Must Always Equal Total
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On the Balance Sheet, Total Assets Must Always Equal Total

Question 46

Question 46

True/False

On the balance sheet, total assets must always equal total liabilities. The amount remaining is what is used to finance the firm and includes equity and long-term debt.

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