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Which of the following statements is incorrect? A.Noncontrolling interest is part of total shareholders' equity B.All debt are liabilities C.All liabilities are debt D.The accounting

Which of the following statements is incorrect?

A.Noncontrolling interest is part of total shareholders' equity

B.All debt are liabilities

C.All liabilities are debt

D.The accounting equation is Assets = Liabilities + Owners' Equity

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