Which of the following is incorrect? A. Capital + Liabilities = Assets B. Assets - Liabilities = Capital C. Assets Capital + Liabilities D. Assets = Capital - Liabilities
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- Which of the following is correct?(i) Liabilities = Assets + Capital(ii) Assets = Liabilities – Capital(iii) Capital = Assets – Liabilities(iv) Capital = Assets + Liabilities.Out of which equation is NOT CORRECT ? Please remember to select "WHICH IS NOT CORRECT" Select one: a. Capital = Total Assets - Total Liabilities b. Total Assets = Tangible Assets + Intangible Assets + Investments + Current Assets c. Total Liabilities = Total Assets - Shareholder's funds - Capital d. Owner's equity = Share capital + Reserve and SurplusThe mathematical statement (Assets = Liabilities + Owners’ Equity) = (Assets − Liabilities = Owners’ Equity ) = (Assets − Owners’ Equity = Liabilities) is correct? a. False b. true
- Which is FALSE ? A. Assets = Owner’s Equity + Liabilities. B. Assets – Liabilities = Owner’s Equity. C. Assets + Liabilities = Owner’s Equity. D. Assets – Owner’s Equity = Liabilities.Classify each of the following items as assets (A), liabilities (L), or equity (EQ). Owner, Capitalassets equal to sum of liabilities and owners' equity. Do it correctly.
- The monetary value of the net assets is reported at its historical cost on the balance sheet? a. physical capital b. excess capital c. net capital d. financial capitalWhich of the following is the correct formula for calculating rate of return on total assets? A. (Net income minus− Interest expense) / Average total asset B. Total equity / Total assets C. (Net income + Interest expense) / Average total assets D. (Net income minus− Interest expense) / Total assetsThe 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