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Accounting equation: Assets= Liabilities + Equity 1. Is the Accounting Equation, by definition, true for any business entity? Do you envision any circumstances under which

Accounting equation: Assets= Liabilities + Equity

1. Is the Accounting Equation, by definition, true for any business entity? Do you envision any circumstances under which this equation would ever become imbalanced? Which element of this equation would be responsible for that occurrence?

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