The Basic Accounting Equation May Be Expressed as

question 173

Multiple Choice

The basic accounting equation may be expressed as

• A) Assets = Equities.
• B) Assets - Liabilities = Stockholders' Equity.
• C) Assets = Liabilities + Stockholders' Equity.
• D) All of these answers are correct.

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Definitions:

High-Pressure Gas

Gas that is stored under high pressure, often used for energy storage, as a propellant, or in industrial processes.

High-Pressure Liquid

Refers to a liquid under pressure greater than atmospheric pressure, often found in hydraulic systems to transmit power.

Refrigeration Cycle

The process in which a refrigerant absorbs and releases heat to cool and dehumidify the air in an air conditioning system.

Metric Measurement

A system of measurement based on meters, liters, and grams as units of length, volume, and weight respectively.