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Which Form Does the Balance Sheet Equation Take in the United

Question 18

Multiple Choice

Which form does the balance sheet equation take in the United Kingdom?


A) Noncurrent Assets + Noncurrent Liabilities = Shareholders' Equity
B) Revenues - Expenses = Shareholders' Equity
C) Noncurrent Assets + [Current assets - Current Liabilities] - Noncurrent Liabilities = Shareholders' Equity
D) Noncurrent Assets - Current assets = Noncurrent Liabilities - Current Liabilities + Shareholders' Equity

Correct Answer:

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