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Which of the following reflects the fundamental accounting equation (or balance sheet equation). In a not-for-profit business-oriented healthcare organic A. Equity = Liabilities + Assets

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Which of the following reflects the fundamental accounting equation (or balance sheet equation). In a not-for-profit business-oriented healthcare organic A. Equity = Liabilities + Assets B. Assets = Long-term Debt + Equity C. Assets = Liabilities + Net Assets D. Net Assets = Liabilities + Assets E. none of the above

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