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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
- 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 + Equity
- c.Net Income = Revenue - Expenses
- d.Net Income = Revenue + Expenses
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
