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The elements of a company's financial position are related by the accounting equation. The accounting equation is a.Assets = Liabilities - Equity b.Assets = Liabilities

  1. The elements of a company's financial position are related by the accounting equation. The accounting equation is
  2. a.Assets = Liabilities - Equity
  3. b.Assets = Liabilities + Equity
  4. c.Net Income = Revenue - Expenses
  5. d.Net Income = Revenue + Expenses

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