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Which of the Following Balance Sheet Equations Is Incorrect

Question 22

Multiple Choice

Which of the following balance sheet equations is incorrect?


A) Assets - Liabilities = Shareholders' Equity
B) Assets = Liabilities + Shareholders' Equity
C) Assets - Current Liabilities = Long Term Liabilities
D) Assets - Current Liabilities = Long Term Liabilities + Shareholders' Equity

Correct Answer:

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