The fundamental equation used within an accounting balance sheet is a. net profit (=) gross profit -

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The fundamental equation used within an accounting balance sheet is

a. net profit $=$ gross profit - expenses - taxes.

b. $\quad$ assets + liabilities $=$ net worth.

c. assets + liabilities + net worth $=0$.

d. assets $=$ liabilities + net worth .

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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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Question Posted: Apr 02, 2024 12:01 AM

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The fundamental equation used within an accounting balance sheet is a. net profit (=) gross profit -

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The correct option is d assets liabilities net worth This equation represents the ...View the full answer

Principles Of Engineering Economic Analysis

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