The Basic Accounting Equation Is Assets = ____________ + _______________

question 28

Short Answer

The basic accounting equation is Assets = ____________ + _______________.

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Definitions:

Identity Theft

The theft of a form of identification, such as a name, date of birth, or Social Security number, which is then used to access the victim’s financial resources.

Social Security Number

is a unique nine-digit number assigned to U.S. citizens, permanent residents, and certain temporary residents, used for tracking individuals for Social Security purposes and other identification reasons.

Financial Resources

Assets, funds, or capital available to an individual, organization, or government for spending on various needs or investments.

Constitutional Rights

Fundamental rights and freedoms guaranteed to individuals by the constitution of their country.