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1) Which of these is not a characteristic of equity? a- It is what is left over after deducting liabilities from assets. b- It represents

1) Which of these is not a characteristic of equity?

a- It is what is "left over" after deducting liabilities from assets.

b- It represents debts of the company.

c- It is diminished by unprofitable operations.

d- It cannot be calculated independently of assets and liabilities

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