What is the accounting equation used to determine? A) whether ledgers
QUESTION
What is the accounting equation used to determine?
A) whether ledgers are balanced
B) tax liability
C) a firm’s income
D) what a firm is worth
E) a firm’s profits
ANSWER
Answer: D
Explanation: D) The accounting equation balances the company’s assets against its liabilities and owners’ equity, showing what the firm is worth overall.
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.