Total assets on a balance sheet prepared on any date must agree with which of the following?

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Total assets on a balance sheet prepared on any date must agree with which of the following?

a. The sum of total liabilities and net income as shown on the income statement
b. The sum of total liabilities and common stock
c. The sum of total liabilities and retained earnings
d. The sum of total liabilities and common stock and retained earnings

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Fundamentals Of Financial Accounting

ISBN: 9780073527109

3rd Edition

Authors: Fred Phillips, Robert Libby, Patricia A Libby

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