Which of the following represents the accounting equation? A) liabili
QUESTION
Which of the following represents the accounting equation?
A) liabilities = assets + owners’ equity
B) owners’ equity = assets + liabilities
C) assets = liabilities + owners’ equity
D) assets = liabilities – owners’ equity
E) assets = owners’ equity – liabilities
ANSWER
Answer: C
Explanation: C) The accounting equation is: assets = liabilities + owners’ equity
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