The Accounting Equation, for a Proprietorship, May Be Expressed as

question 25

Multiple Choice

The accounting equation, for a proprietorship, may be expressed as

• A) Assets = Liabilities + Shareholders' Equity.
• B) Assets - Liabilities = Partners' Equity.
• C) Assets = Liabilities + Owner's Equity.
• D) all of these.

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Definitions:

Competence

Refers to the ability of an individual or organization to effectively perform or carry out a specific task or role.

Confidence

The belief in one's abilities or qualities and the assurance in the trustworthiness or success of something or someone.

Self-Efficacy

A person’s belief that she or he is capable of performing a task.

Motivation

The process by which a person’s desires and values influence his or her behavior.