Select the type of business that is most likely to obtain large amounts of resources by issuing stock. a. partnership b. corporation c. proprietorship d. government entity The accounting equation may be expressed as a. Assets = Equities - Liabilities b. Assets + Liabilities = Owner's Equity c. Assets = Revenues - Liabilities d. Assets - Liabilities = Owner's Equity The assets and liabilities of the company are $128.000 and $84,000, respectively. Owner's equity should equal a. $212,000 b. $44,000 c. $128,000 d. $84,000 If total assets decreased by $88,000 during a period of time and owner's equity increased by $71,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is a. $17,000 increase b. $88,000 decrease c. $159,000 increase d. $159,000 decrease . Which of the following is a business transaction? a. purchase inventory on account b. plan advertising for upcoming sale c. give employees a raise beginning next month d. submit estimate for construction project