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  3. Study Set
    Accounting Understanding and Practice
  4. Exam
    Exam 1: The Statement of Financial Position Balance Sheetand What It Tells Us
  5. Question
    The Accounting Equation Can Be Stated As
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The Accounting Equation Can Be Stated As

Question 9

Question 9

Multiple Choice

The accounting equation can be stated as:


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

Correct Answer:

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