The Basic Accounting Equation Cannot Be Restated as

question 172

Multiple Choice

The basic accounting equation cannot be restated as

• A) Assets - Liabilities = Equity.
• B) Assets - Equity = Liabilities.
• C) Equity + Liabilities = Assets.
• D) Assets + Liabilities = Equity.

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Definitions:

Tectonic Plate

A massive, irregularly shaped slab of solid rock, part of the Earth's lithosphere, which moves over the asthenosphere.

Hot Spot

A region with significant volcanic activity due to a mantle plume or other geological features.

Molten Rock

Molten rock, also known as magma (beneath the earth's surface) or lava (on the earth's surface), is a hot, fluid state of rocks that have melted due to high temperatures within the Earth.

Giant Arthropods

Large, extinct or extant invertebrates within the arthropod phylum, such as some ancient insects or land-dwelling crustaceans.