Which One of the Following Statements Is False

question 51

Multiple Choice

Which one of the following statements is false?

• A)The basic accounting equation does not subdivide liabilities into two categories: claims of creditors and claims of the Canada Revenue Agency.
• B)The accounting equation can be expressed as: Assets - Shareholders' Equity = Liabilities.
• C)The accounting equation can be expressed as: Assets + Liabilities = Shareholders' Equity.
• D)If the assets owned by a business total $100,000 and liabilities total $52,000, shareholders' equity must total $48,000.

---

Definitions:

Oral Candidiasis

An infection of the mouth caused by Candida fungi, commonly known as a "thrush," characterized by white patches inside the mouth.

Elevated White Blood Cell Count

An increase in the number of white blood cells (leukocytes) in the blood, often indicating an infection, inflammation, or other immune system responses.

Anorexia

A potentially life-threatening eating disorder characterized by an abnormally low body weight, intense fear of gaining weight, and a distorted perception of body weight or shape.

Blood Pressure

The pressure applied by flowing blood on the walls of arteries and veins, regularly checked to evaluate cardiac wellness.