Which of the following does not accurately represent the accounting equation? A. Assets Liabilities = Stockholders
Question:
Which of the following does not accurately represent the accounting equation?
A. Assets – Liabilities = Stockholders’ Equity
B. Assets – Stockholders’ Equity = Liabilities
C. Assets = Liabilities + Stockholders’ Equity
D. Assets + Liabilities = Stockholders’ Equity
Step by Step Answer:
Statement showing computation The total of liabilities an...View the full answer
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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The accounting equation is a formula that shows the sum of a company\\\'s liabilities and shareholders\\\' equity are equal to its total assets (Assets = Liabilities + Equity). The clear-cut relationship between a company\\\'s liabilities, assets, and equity is the backbone of double-entry bookkeeping.
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