7. The Accounting Equation requires: (2 Pts) a. That Total Liabilities- Total Assets. b.That Current Assets Current Liabilities c. Current Assets+ Long Term Assets Owners' Equity d. That Total Assets+ Owners' Equity Total Liabilities e. That Owners' Equity -Total Assets- Total liabilities 8. Cash Flow Statement: (2 Pts) a. Illustrates all transactions involving cash b. Shows the company's Net Worth c. Projects all revenues and expenses d. Both b and c e. All of the above