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Which of the following calculations is a formal expression of the accounting equation? assets + liabilities = owners' equity assets * liabilities = retained earnings
Which of the following calculations is a formal expression of the accounting equation?
assets + liabilities = owners' equity | ||
assets * liabilities = retained earnings | ||
assets - owners' equity = liabilities | ||
assets - liabilities = owners' equity | ||
assets/liabilities = owners' equity |
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