Which of the following is not a correct form of the accountingequation?a. Assets equals Liabilities + Stockholders' equity.b. Assets + Stockholders' equity equals Liabilities.c. Assets Liabilities equals Stockholders' equity.d. Assets - Stockholders' equity equals Liabilities.

The correct answer is:b. Assets + Stockholders' equity equals Liabilities. The Fundamental…

Answered: Which of the following is not a correct…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA1: International Financial Reporting Standards

Section: Chapter Questions

Problem 7MCQ

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What do we mean when we say that capital, drawing, revenue, and expense accounts are under the umbrella of owners equity?
The numerator in the calculation of the ratio of liabilities to stockholders' equity is O a. Total Assets. O b. Total Liabilities minus Total Stockholders' Equity. O c. Total Liabilities. O d. Total Stockholders' Equity.
Under IFRS, liabilities and shareholders' equity on the balance sheet usually appear in which order? Equity, noncurrent liabilities, and current liabilities O Equity, current liabilities, and noncurrent liabilities Current liabilities, noncurrent liabilities, and equity Noncurrent liabilities, current abilities, and equity
Which is a component of stockholder's equity? a. Sinking funds b. Deferred charges c. Accumulated other comprehensive income d. Realized capital
Which of the following is FALSE? Group of answer choices Assets + Liabilities = Stockholders' Equity Assets = Liabilities + Stockholders' Equity Assets - Stockholders' Equity= Liabilities None of the above are false.
Are assets: (a) always lower than liabilities or (b) financed by the stockholders' equity?
Define type
Which of the following is incorrect? A. Capital + Liabilities = Assets B. Assets Liabilities Capital C. Assets = Capital + Liabilities D. Assets Capital - Liabilities
Which type of account is "Treasury Stock"? a) Asset b) Contra-equity c) Liability d) Expense
Which of the following is incorrect? A. Capital + Liabilities = Assets B. Assets Liabilities Capital Capital + Liabilities = Capital - Liabilities C. Assets D. Assets -
The accounting equation is expressed as ________.A. Assets + Liabilities = Owner’s EquityB. Assets – Noncurrent Assets = LiabilitiesC. Assets = Liabilities + Investments by OwnersD. Assets = Liabilities + Owner’s Equity
True or false. Assets is equal to the sum of liabilities and owners equity

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Which of the following is not a correct form of the accounting equation? a. Assets equals Liabilities + Stockholders' equity. b. Assets + Stockholders' equity equals Liabilities. c. Assets Liabilities equals Stockholders' equity. d. Assets - Stockholders' equity equals Liabilities.