Answered: The accounting equation can be…

The accounting equation can be expressed asa. Assets = Liabilities − Equity.b. Assets + Liabilities = Equity.c. Assets − Liabilities = Equity.d. Equity − Assets = Liabilities.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 3MC: Identify the correct components of the income statement. A. revenues, losses, expenses, and gains B....

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The accounting equation can be expressed as
a. Assets = Liabilities − Equity.
b. Assets + Liabilities = Equity.
c. Assets − Liabilities = Equity.
d. Equity − Assets = Liabilities.

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