1 points Saving Answer The basic account equation specifies that must equal liabilities plus equity (total must equal total financing. When ruanged, the accounting identity reminds us that a business's equity is really a residual amount that represents the difference between assets and liabilities a. ratios b. equity . d. income The effects of must be considered in project analyses. The best procedure is to build inflation effects directly into the component cash flow estimates. a. GAAP b. Discounting Oc NPV d. inflation