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Which of the following statements regarding the accounting equation is incorrect? O A. The equation consists of three categories: assets, liabilities, and equity. O B.

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Which of the following statements regarding the accounting equation is incorrect? O A. The equation consists of three categories: assets, liabilities, and equity. O B. The equation can be stated as assets plus liabilities equals equity. C. Each category of the accounting equation contains accounts. O D. The equation is the basic tool of accounting

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