5. Which of the following is equivalent to the balance sheet identity?" Total liabilities minus equity equals total assets b. Total liabilities plus total assets equals equity c. Total assets minus total liabilities equals equity d. Total assets minus long-term debt equals equity e. Total assets plus equity equals total liabilities

5. Which of the following is equivalent to the 'balance sheet identity?' a. Total liabilities minus equity equals total assets b. Total liabilities plus total assets equals equity c. Total assets minus total liabilities equals equity d. Total assets minus long-term debt equals equity e. Total assets plus equity equals total liabilities