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Question 36 (1 point) The Balance Sheet Can be represented by the following equation: Assets = Revenue - Expenses Assets = Liabilities Assets = Liabilities
Question 36 (1 point) The Balance Sheet Can be represented by the following equation: Assets = Revenue - Expenses Assets = Liabilities Assets = Liabilities + Stockholders' Equity Assets = Liabilities - Expenses Question 37 (1 point) Which of the following occurs as a result of the accrual of revenue? Rent Expense O Accounts Receivable Building Inventory Question 38 (1 point) Bonds Payable are shown on the Balance Sheet as Stockholders' Equity O A long-term liability O A current asset O A long-term asset
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