Which of the following is correct regarding the balance sheet equation? Multiple Choice The balance sheet equation is: Liabilities equals assets minus owner's equity. O All of the other alternatives are correct O The balance sheet equation is: Assets equals liabilities plus [owner's capital minus owner's withdrawals plus/minus net incomeet loss]. O The balance sheet equation is the most basic tool which measures the resources of a business and the claims to those resources. O The balance sheet equation is: Assets equals liabilities plus owner's equity