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The Balance Sheet Is Organized to Reflect the Accounting Equation

Question 146

Multiple Choice

The balance sheet is organized to reflect the accounting equation. What is the accounting equation?


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

Correct Answer:

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