Which of the Following Is the Equation Form of Assets

question 81

Multiple Choice

Which of the following is the equation form of assets?

• A) income − COGS
• B) gross profit − operating expenses
• C) liabilities + owner's equity
• D) operating profit − other revenues and expenses
• E) EBT − taxes

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Definitions:

Exchange Rate

The price of one currency expressed in terms of another currency, used in converting from one currency to another.

Interest Rates

The cost of borrowing money, expressed as a percentage of the amount borrowed, over a specific period of time.

Supply

The total amount of a product or service available for purchase at any specified price.

Supply

Refers to the total amount of a specific good or service that is available to consumers, which can vary based on the price level, production costs, and other factors.