Which of the Following Balance Sheet Equations Is INCORRECT

question 64

Multiple Choice

Which of the following balance sheet equations is INCORRECT?

• A)Assets - Liabilities = Shareholders' Equity
• B)Assets = Liabilities + Shareholders' Equity
• C)Assets - Current Liabilities = Long Term Liabilities
• D)Assets - Current Liabilities = Long Term Liabilities + Shareholders' Equity

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Definitions:

Probability

The probability or possibility of an event happening.

CFO's Salary

The compensation awarded to the Chief Financial Officer of an organization, encompassing salary, bonuses, and other financial benefits.

Positively Skewed

Describes a distribution of data where most values are concentrated on the left, with a long tail extending to the right.

Probability

The likelihood of an event's occurrence assessed by a numerical scale extending from 0 to 1.