Question
1. The accounting equation can be expressed as ..... a. Assets + Liabilities Shareholders' Equity b. Assets c. Shareholders' Equity - Assets Liabilities d.
1. The accounting equation can be expressed as ..... a. Assets + Liabilities Shareholders' Equity b. Assets c. Shareholders' Equity - Assets Liabilities d. Assets 2. Another name for the balance sheet is the..... a. statement to financial position. c. statement of cash ows. Liabilities = Shareholders' Equity Liabilities - Shareholders' Equity b. statement of operations. d. statement of retained earnings. 3.Which account types normally have a credit balance? b. Expenses a. Revenues c. Liabilities d. Both a and c
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
IFRS Edition
978-1118443965, 1118800532, 9781118800539, 978-0470873991
