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Question 1 5 The Accounting Equation states that Assets - Debt = Net Worth. Assets = Liabilities + Equity Assets = Debt + Net Worth

Question

15

The Accounting Equation states that

Assets

-

Debt

=

Net Worth.

Assets

=

Liabilities

+

Equity

Assets

=

Debt

+

Net Worth

Assets

=

Income

-

Cash Flows,

Assets

+

Debt

=

Liquidity

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