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Which of the Following Balance Sheet Equations Is INCORRECT

Question 33

Multiple Choice

Which of the following balance sheet equations is INCORRECT?


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

Correct Answer:

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