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    Financial Accounting Study Set 7
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    Exam 1: The Financial Statements
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    The Accounting Equation Can Be Stated As
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The Accounting Equation Can Be Stated As

Question 21

Question 21

Multiple Choice

The accounting equation can be stated as:


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

Correct Answer:

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