Which formula is the fundamental accounting equation? a. Owners equity = assets + liabilities b. Assets =
Question:
Which formula is the fundamental accounting equation?
a. Owners’ equity = assets + liabilities
b. Assets = liabilities + owners’ equity
c. Owners’ equity = assets ÷ liabilities
d. Liabilities - assets = owners’ equity
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ISBN: 9780134522746
5th Edition
Authors: Michael Solomon, Mary Poatsy, Kendall Martin
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