Which of the Following Equations Is Correct

question 16

Multiple Choice

Which of the following equations is correct?

• A) Assets = liabilities + revenue
• B) Profit = revenue + owners equity
• C) Liabilities = assets - owners equity
• D) Revenue = accounts receivable - liabilities

---

Definitions:

Altered States

Mental states induced by various methods, such as meditation, drugs, or hypnosis, that differ significantly from the normal waking consciousness.

Conscious Experiences

The awareness of one’s own internal states, thoughts, and surroundings.

Consciousness

The condition of being conscious and capable of contemplating one's own being, feelings, ideas, environment, and life events.

Perceptions

The process of organizing, interpreting, and giving meaning to the sensory information we receive from the environment.