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The basic accounting equation: A.says that all assets of the firm are funded by the liabilities and equity of the firm B.says that current and

The basic accounting equation:

A.says that all assets of the firm are funded by the liabilities and equity of the firm

B.says that current and non-current assets = current and non-current liabilities

C.is an economic and not an accounting concept

D.is a secret known only by CPAs

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