The Balance-Sheet identity is (circle ALL that apply. Think of different ways to present this identity): Sales/Revenue-Cost of Goods Sold-Depreciation Interest Taxes-Net Income Assets Liabilities Equity Assets Equity-Liabilities Cash-Long-term Debt Equity+Current Liabilities-Non-Cash Current Assets-Fixed Assets Assets-Liabilities+Equity Current Assets Fixed Assets Current Liabilities+Long-term Debt Equity EBIT-Sales/Revenue-Fixed Assets + Current Liabilities - Change in Cash-Operating Activities Investment Activities + Financing Activities
The Balance-Sheet identity is (circle ALL that apply. Think of different ways to present this identity): Sales/Revenue-Cost of Goods Sold-Depreciation Interest Taxes-Net Income Assets Liabilities Equity Assets Equity-Liabilities Cash-Long-term Debt Equity+Current Liabilities-Non-Cash Current Assets-Fixed Assets Assets-Liabilities+Equity Current Assets Fixed Assets Current Liabilities+Long-term Debt Equity EBIT-Sales/Revenue-Fixed Assets + Current Liabilities - Change in Cash-Operating Activities Investment Activities + Financing Activities
Chapter3: Financial Statements, Tools, And Budgets
Section: Chapter Questions
Problem 3DTM
Related questions
Question
![The Balance-Sheet identity is (circle ALL that apply. Think of different ways to present this identity):
Sales/Revenue-Cost of Goods Sold-Depreciation Interest Taxes-Net Income
Assets Liabilities Equity
Assets Equity-Liabilities
Cash-Long-term Debt Equity+Current Liabilities-Non-Cash Current Assets-Fixed Assets
Assets Liabilities+Equity
Current Assets Fixed Assets Current Liabilities+Long-term Debt+Equity
EBIT-Sales/Revenue- Fixed Assets + Current Liabilities
Change in Cash-Operating Activities + Investment Activities+ Financing Activities](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F51edb2e3-b85e-4f1f-a6b5-1420e9c9af7e%2F5e77a335-7534-41b5-b7f4-06bccb8ca313%2Fusubdkz.jpeg&w=3840&q=75)
Transcribed Image Text:The Balance-Sheet identity is (circle ALL that apply. Think of different ways to present this identity):
Sales/Revenue-Cost of Goods Sold-Depreciation Interest Taxes-Net Income
Assets Liabilities Equity
Assets Equity-Liabilities
Cash-Long-term Debt Equity+Current Liabilities-Non-Cash Current Assets-Fixed Assets
Assets Liabilities+Equity
Current Assets Fixed Assets Current Liabilities+Long-term Debt+Equity
EBIT-Sales/Revenue- Fixed Assets + Current Liabilities
Change in Cash-Operating Activities + Investment Activities+ Financing Activities
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