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    Contemporary Business Study Set 2
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    Exam 15: Understanding Accounting and Financial Statements
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    Which of the Following Represents the Accounting Equation
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Which of the Following Represents the Accounting Equation

Question 41

Question 41

Multiple Choice

Which of the following represents the accounting equation?


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

Correct Answer:

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