Question 15 (1 point) Which one of the following statements is false? The accounting equation can be expressed as: Assets + Liabilities = Shareholders' Equity. If the assets owned by a business total $100,000 and liabilities total $53,000, shareholders' equity must total $47,000. The accounting equation can be expressed as: Assets - Shareholders' Equity = Liabilities. The basic accounting equation does not subdivide liabilities into two categories: claims of creditors and claims of the Canada Revenue Agency