(1) Any assets not claimed by creditors will be claimed by equity investors, and (2) the total...

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(1) Any assets not claimed by creditors will be claimed by equity investors, and (2) the total amount of claims (liabilities 1 equity) cannot exceed what there is to be claimed. Therefore, the total amount of assets will always be [greater than / equal to / less than] the total amount of liabilities plus equity.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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