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  3. Study Set
    Financial Accounting
  4. Exam
    Exam 1: The Purpose and Use of Financial Statements
  5. Question
    The Accounting Equation May Be Expressed as
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The Accounting Equation May Be Expressed as

Question 22

Question 22

Multiple Choice

The accounting equation may be expressed as


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

Correct Answer:

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