Which of the Following Represents the Accounting Equation

question 62

Multiple Choice

Which of the following represents the accounting equation?

• A) Assets = Liabilities + Owners' Equity
• B) Owners' Equity = Assets + Liability
• C) Liability = Assets + Owners' Equity
• D) Assets = Liabilities - Owners' Equity
• E) Assets = Liabilities × Owners' Equity

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Definitions:

Consumer Goods

Items and products purchased by individuals or households for personal use.

Banana Time

A term from industrial sociology referring to informal break times and rituals that employees use to form social bonds and break the monotony of repetitive tasks.

Work Environment

The setting, conditions, and culture that employees experience within their workplace.

Knowledge Workers

Individuals whose main capital is knowledge, typically characterized by a high degree of expertise, creativity, and problem-solving capability.