The Fundamental Accounting Equation States That Assets Equal __________

question 303

Multiple Choice

The fundamental accounting equation states that assets equal __________.

• A)liabilities minus owners' equity
• B)liabilities plus receivables
• C)payables plus cash equivalents
• D)liabilities plus owners' equity

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Definitions:

Nucleophile

A chemical species that donates an electron pair to form a chemical bond in relation to a reaction.

Lewis Base

A substance that can donate a pair of electrons to form a covalent bond, according to Lewis acid-base theory.

Electrophile

A reactive species that seeks out electrons and is attracted to electron-rich sites, often participating in chemical reactions by accepting an electron pair.

Nucleophile

An entity in chemistry that transfers a pair of electrons to an electrophile, enabling the formation of a chemical bond as a part of the reaction process.