The accounting equation may be expressed as: The accounting equation may be expressed as:a. Assets = Equities - Liabilitiesb. AssetsLiabilities = Owner's Equityc. Assets = Revenues - Liabilitiesd. Assets Liabilities = Owner's Equity

The correct answer is:d. Assets - Liabilities = Owner's Equity Explanation:Accounting Equation: The…

Answered: The accounting equation may be…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 11Q: Explain how the following items affect equity: revenue, expenses, investments by owners, and...

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Similar questions

Define current assets and current liabilities. Why are current assets and current liabilities separated from noncurrent assets and long-term liabilities on the balance sheet?
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Classification of Financial Statement Items Classify each of the following items according to (1) whether it belongs on the income statement (IS) or balance sheet (BS) and (2) whether it is a revenue (R), expense (E), asset (A), liability (L), or stockholders equity (SE) item.
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Question: What is the formula for calculating the current ratio? a. Current Assets / Current Liabilitiesb. Current Liabilities / Current Assetsc. Total Assets / Total Liabilitiesd. Total Liabilities / Total Assets
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The accounting equation may be expressed as: a. Assets = Equities - Liabilities b. Assets Liabilities = Owner's Equity c. Assets = Revenues - Liabilities d. Assets Liabilities = Owner's Equity