Which of the Following Is a Correct Fundamental Accounting Equation

question 5

Multiple Choice

Which of the following is a correct fundamental accounting equation?

• A) Assets + Liabilities = Equity
• B) Assets + Retained Earnings = Equity
• C) Assets + Equity = Liabilities
• D) Assets = Liabilities + Equity

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Definitions:

Organizational Citizenship

Behavioral activities by employees that are not part of their formal job requirements but that contribute to the well-being of the organization.

Regulatory Compliance

Adherence to laws, regulations, guidelines, and specifications relevant to a business or operation.

Communication Effectiveness

The extent to which communication achieves its intended purpose or results in the desired outcome.

Extracting Meaning

The process of deriving significant and relevant information from data, texts, or various sources.