Question
Which of the following is true about the fundamental accounting equation? Multiple Choice It can be reported in only one format. It is commonly expressed
Which of the following is true about the fundamental accounting equation?
Multiple Choice
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It can be reported in only one format.
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It is commonly expressed as assets = liabilities + owners' equity.
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One side of the equation must equal zero.
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It must be expressed as assets + liabilities = owners' equity.
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Principles Of Auditing: An International Perspective
Authors: Rick Stephan Hayes, Philip Wallage, Arnold Schilder, Roger Dassen
1st Edition
0077095324, 978-0077095321
