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Which of the following is a correct fundamental accounting equation? a. Assests + Liabilities = Equity b. Assests + Retained Earning = Equity C. Assests

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Which of the following is a correct fundamental accounting equation? a. Assests + Liabilities = Equity b. Assests + Retained Earning = Equity C. Assests + Equity = liabilities d. Assests - Liabilities + Equity 10. The assests and liabilities of the company are $175,000 and $40,000 respectively Equity sholud equal: a. $215,000 b. $135,000 C. $175,000 D. 40,000

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