QU ESTl-O-N 11 The Accounting Equation is expressed as "\"~ a. Assets = Equities - Liabilities "\\ b. Assets + Liabilities = Owner's Equity h c. Assets = Revenues - Liabilities o d. Assets Liabilities = Owner's Equity Q U EST I O N 1 2 Using Accrual Accounting, revenue is recorded and reported only A a when cash is received without regard to when the services are rendered