Business Organizations must maintain integrity of financial reporting as users rely on the information and make rational decisions. Select one: O True O False 'Salary paid in advance' is not an expense because it neither reduces assets nor increase liabilities. Select one: O True O False Question 13 Which of the following equation is correct? Not yet answered Marked out of 1.00 Select one: a. Liabilities + Owners' equity = Fixed Assets P Flag question b. Assets + Owners' equity = Liabilities c. Assets + Liabilities = Owners' Equity d. Assets - Liabilities = Owners' equity