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    Horngrens Accounting Study Set 2
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    Exam 1: Accounting and the Business Environment
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    The Accounting Equation Can Be Stated As
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The Accounting Equation Can Be Stated As

Question 67

Question 67

Multiple Choice

The accounting equation can be stated as:


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

Correct Answer:

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