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    Understanding Financial Accounting Study Set 1
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    Exam 1: Overview of Corporate Financial Reporting
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    The Accounting Equation Is
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The Accounting Equation Is

Question 44

Question 44

Multiple Choice

The accounting equation is


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

Correct Answer:

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