Which of the Following Is the Formula Used by Accountants

question 202

Multiple Choice

Which of the following is the formula used by accountants to balance data for the firm's financial transactions at various points in the year?

• A)Owner's equity = assets + liabilities
• B)Liabilities = assets + owner's equity
• C)Assets = capital + owner's equity
• D)Owner's equity = assets + capital
• E)Assets - liabilities = owner's equity

Comprehend the role, regulations, and impact of the Occupational Safety and Health Administration (OSHA) on workplace safety.

Recognize the importance of safety engineering and strategies for preventing workplace accidents and promoting a safety culture.

Distinguish between personality types (Type A and Type B) and their relationship with stress and occupational health.

Understand the concept of hardiness as an individual difference in stress management.

---

Definitions:

Operating Lease

A contract that allows for the use of an asset but does not convey rights of ownership of the asset.

Assets And Liabilities

Represent the resources a company owns or controls (assets) and the obligations it owes to outsiders (liabilities).

Operating Lease

A lease agreement for the use of an asset where the lessor remains the owner, and the lessee does not record the asset on its balance sheet.

Depreciation Expense

An accounting method of allocating the cost of a tangible asset over its useful life to account for declines in value over time.