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Which one of the following is the most common statement of the accounting equation? a. Assets Liabilities = Equity b. Assets + Equity = Liabilities c. Assets Liabilities + Equity =

Which one of the following is the most common statement of the accounting equation? a. Assets Liabilities = Equity b. Assets + Equity = Liabilities c. Assets Liabilities + Equity =

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
Section: Chapter Questions
Problem 4DQ
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Which one of the following is the most common statement of the accounting equation? a. Assets Liabilities = Equity b. Assets + Equity = Liabilities c. Assets Liabilities + Equity =
Transcribed Image Text:Which one of the following is the most common statement of the accounting equation? a. Assets Liabilities = Equity b. Assets + Equity = Liabilities c. Assets Liabilities + Equity =
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