QUESTION 13 The accounting equation may be expressed as O Assets = Equities – Liabilities O Assets + Liabilities = Stockholders' O Assets = Revenues - Liabilities O Assets Liabilities = Stockholders' Equity

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 19MCQ
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QUESTION 13
The accounting equation may be expressed as
O Assets = Equities – Liabilities
O Assets + Liabilities = Stockholders'
O Assets = Revenues - Liabilities
O Assets
Liabilities = Stockholders' Equity
Transcribed Image Text:QUESTION 13 The accounting equation may be expressed as O Assets = Equities – Liabilities O Assets + Liabilities = Stockholders' O Assets = Revenues - Liabilities O Assets Liabilities = Stockholders' Equity
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