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QUESTION 5 Which of the following is a correct balance sheet equation? OA liabilities - owners' equity = assets OB. assets - owners' equity =

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QUESTION 5 Which of the following is a correct balance sheet equation? OA liabilities - owners' equity = assets OB. assets - owners' equity = liabilities OC assets = owners' equity - liabilities O D. owners' equity + assets = liabilities QUESTION 6 Which of the following items will not appear in the retained earnings statement? OA Net loss OB Discontinued operations OC Dividends O D. Prior period adjustment

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