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On the balance sheet, the following equation must hold: 1. owners' equity = revenues - expenses. 2. assets = liabilities + owners' equity. 3. liabilities
On the balance sheet, the following equation must hold:
1. owners' equity = revenues - expenses.
2. assets = liabilities + owners' equity.
3. liabilities = revenues - expenses.
4. owners' equity = assets + liabilities.
please pick the right answer
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