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1. True/False: Liabilities = Assets - Owners Equity 2. True/False: Interest more likely appears on an income statement than on a balance sheet 3. True/False:
1. True/False: Liabilities = Assets - Owners Equity
2. True/False: "Interest" more likely appears on an income statement than on a balance sheet
3. True/False: Net Income - Change in retained earnings = Dividends
4. True/False: Total Assets - Total Liabilities = Net Working Capital
5. True/False: When calculating a change, the later value is subtracted from the earlier value.
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