The accounting equation can be expressed as: 1. Assets + Liabilities = Owner’s equity 2. Owners equity- Asset = Liabilities 3. Assets = Liabilities- owners equity 4. Asssest - liabilities = owner’s equity

The accounting equation can be expressed as: 1. Assets + Liabilities = Owner’s equity 2. Owners equity- Asset = Liabilities 3. Assets = Liabilities- owners equity 4. Asssest - liabilities = owner’s equity

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Description: The accounting equation can be expressed as: 1. Assets + Liabilities = Owner’s equity 2. Owners equity- Asset = Liabilities 3. Assets = Liabilities- owners equity 4. Asssest - liabilities = owner’s equity

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 4MC: The balance sheet lists which of the following? A. assets, liabilities, and owners equity B....

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