Question
11.Which of the following is not an asset? a. inventory b. owner's equity c. investments d. cash 12.The accounting equation may be expressed as a.
11.Which of the following is not an asset?
a. inventory
b. owner's equity
c. investments
d. cash
12.The accounting equation may be expressed as
a. Assets Liabilities = Owner's Equity
b. Assets = Revenues Liabilities
c. Assets = Equities Liabilities
d. Assets + Liabilities = Owner's Equity
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Principles of Financial Accounting chapters 1-17
Authors: John Wild, Ken Shaw, Barbara Chiappetta
23rd edition
1259687740, 1259687747, 978-1259687747
